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2 For each of the following cases, calculate the present value of the annuity, assuming the annuity cash flows occur at the end of each

2 For each of the following cases, calculate the present value of the annuity, assuming the annuity cash flows occur at the end of each year.

Annuity

Interest

Rate (%)

Period (Yrs)

Present

Value ($)

37,000

25,000

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