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3 - I. Refer to Additional Practice Problem 3 - F ( Given: $ 3 6 0 annual payment, four years, 8 . 8 %

3-I. Refer to Additional Practice Problem 3-F (Given: $360 annual payment, four years, 8.8% rate). Calculate the investment's present value assuming that payments will be made at the beginning of each of the four years, starting today (annuity due). Work this problem payment-by-payment using a time line, and then by using the calculator.
Using the calculator to get the ordinary annuity result and then adjusting for the annuity due:
\table[[N,IY,PV,PMT,FV
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