Present value of an ordinary annuity. Fill in missing present values in the foll
ID: 2622046 • Letter: P
Question
Present value of an ordinary annuity. Fill in missing present values in the following table for an ordinary annuity. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /?>
Number of Payments or Years
Annual
Interest Rate
Future Value
Annuity
Present Value
5
9%
0
$186.37
?
17
17%
0
$3,428.32
?
26
5%
0
$566.85
?
300
0.5%
0
$2,545.75
?
$__ (Round to two nearest cent
Number of Payments or Years
Annual
Interest Rate
Future Value
Annuity
Present Value
5
9%
0
$186.37
?
17
17%
0
$3,428.32
?
26
5%
0
$566.85
?
300
0.5%
0
$2,545.75
?
Explanation / Answer
Number of Payments or Years Annual Future Value Annuity Present Value Interest Rate 5 9% 0 $186.37 $724.91 17 17% 0 $3,428.32 $18,768.70 26 5% 0 $566.85 $8,148.57 300 0.50% 0 $2,545.75 $395,117.87
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