Determine the present value of an annuity due of $1,000 per year at 10 years dis

Question

Determine the present value of an annuity due of $1,000 per year at 10 years discounted back to the present at an annual rate of 10 percent. What would be the present value of this annuity due if it were discounted at an annual rate of 15 percent? If the annual discount rate is 10 percent, the present value of the annuity due is $ ?

please show the calculator entry step by step or work

Determine the present value of an annuity due of $1,000 per year at 10 years discounted back to the present at an annual rate of 10 percent. What would be the present value of this annuity due if it were discounted at an annual rate of 15 percent? If the annual discount rate is 10 percent, the present value of the annuity due is $ ?

Explanation / Answer

Present value at 10%=1000*6.144567=6144.567

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