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(4 points) Suppose that the effective annual interest rate is 3%. Find the present value and the accumulated value of the annuity-immediate consisting of the
(4 points) Suppose that the effective annual interest rate is 3%. Find the present value and the accumulated value of the annuity-immediate consisting of the following 37 annual payments: $600, $700,..., $2300, $2400, $2300,..., $700, $600. a) Present Value = $ b) Accumulated Value = $ | (4 points) Suppose that the effective annual interest rate is 3%. Find the present value and the accumulated value of the annuity-immediate consisting of the following 37 annual payments: $600, $700,..., $2300, $2400, $2300,..., $700, $600. a) Present Value = $ b) Accumulated Value = $ |
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