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[10] There is an annuity due that pays $ 100 semi-annually for 5 years with the interest rate 6% compounded semi-annually. (a) [5] What is

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[10] There is an annuity due that pays $ 100 semi-annually for 5 years with the interest rate 6% compounded semi-annually. (a) [5] What is the present value of this annuity due? (b) [5] What is the present value of this annuity due if it is deferred by 1 year

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