Find the present values of these ordinary annuities. Discounting occurs once a year. Do not round intermediate calculations. Round your answers to the nearest cent. 1. $400 per year for 14 years at 8%.$
2. $200 per year for 7 years at 4%.
3. $700 per year for 12 years at 0%.$
Rework previous parts assuming they are annuities due.
a. Present value of $400 per year for 14 years at 8%: $
b. Present value of $200 per year for 7 years at 4%: $
c. Present value of $700 per year for 12 years at 0%: $

Describe how to write a main idea expressed as a bottom-line statement

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