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1. Find the present value of the annuity given the following. a) 36 monthly payments of $250 in an account where the interest rate is

1. Find the present value of the annuity given the following. a) 36 monthly payments of $250 in an account where the interest rate is 3.5% compounded monthly. (2 marks) b) 60 weekly payments of $125 in an account where the interest rate is 5% compounded weekly. (2 marks)

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