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1.) Find the present value of an ordinary annuity which has payments of $1100 per year for 15 years at 8% compounded annually. The present
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Find the present value of an ordinary annuity which has payments of $1100 per year for 15 years at 8% compounded annually. The present value is $ (Round to the nearest cent.)Find the present value of an ordinary annuity with deposits of $15311 semiannually for 6 years at 108% compounded semiannually. What is the present value? 5D [Round to the nearest cent.) Find the payment necessary to amortize a 4% loan of $1800 compounded quarterly, with 8 quarterly payments. The payment size is $ (Round to the nearest cent.)Step by Step Solution
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