For each of the following cases, calculate the present
value of annuity, assuming the annuity cash flows occur at the end of each
year. #1- Annuity/ $33,000/ Interest rate/18%/ 4 years? #2- Annuity/ $18,000/
Interest rate/ 9%/ 12 years? Round to
the nearest cent

Thank you for the opportunity to help you with your question!

We use the following formula: PV = (C/i)*(1 - (1+i)^ -n)

Where: PV is the present value of the annuity, C is the cash flow of the annuity, i is the interest rate in decimal form, and n is the number of periods (number of years).

So for part A we have: C = $33,000 , i = 18% = 18/100 = 0.18 , n = 4.