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1. If money is worth 7% compounded quarterly, compare the present values of the following. a. An annuity of P7,700 payable bi-monthly for fifty years

1. If money is worth 7% compounded quarterly, compare the present values of the following.

a. An annuity of P7,700 payable bi-monthly for fifty years

b. An annuity of P7,700 payable bi-monthly for a century

c. A perpetuity of P7,700 payable bi-monthly

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