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9. Calculate the present value of an annuity of $70,000 received annually that begins today and continues for 7 years, assuming a discount rate

9. Calculate the present value of an annuity of $70,000 received annually that begins today and continues for 7 years, assuming a discount rate of 7%. 10. Calculate the present value of an annuity of $4,000 received quarterly that begins today and continues for 20 years, assuming a discount rate of 6%. 11. Calculate the present value of an ordinary annuity of $9,000 received annually for 5 years, assuming a discount rate of 8%. 12. Calculate the number of months it will take $75,000 to grow to $4,000,000 assuming an annual interest rate of 8%, compounded monthly.

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