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. $1,000 per year for 10 years at 4%. $ 12006.11 $500 per year for 5 years at 2%. $ $600 per year for 5 years at 0%. $ 3000 Rework previous parts assuming they are annuities due. Present value of $1,000 per year for 10 years at 4%: $ Present value of $500 per year for 5 years at 2%: $ Present value of $600 per year for 5 years at 0%: $

The former chairman of the federal reserve, alan greenspan, used the term "irrational exuberance" in 1996 to describe the high levels of optimism among stock market investors at the time. stock market indexes such as the s& p composite price index were at an all-time high. some commentators believed that the fed should intervene to slow the expansion of the economy. why would central banks want to clamp down when the economy is growing? a. to block the formation of unsustainable speculative asset bubbles. b. to curtail excessive profits in the banking system. c. to prevent inflationary forces from gathering momentum. d. all of the above. e. a and c only.