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A 10-year annuity pays $1,900 per year. The interest rate is 10 percent for the first five years and 8 percent thereafter. What is the

A 10-year annuity pays $1,900 per year. The interest rate is 10 percent for the first five years and 8 percent thereafter. What is the present value of this annuity if it is:

a. an ordinary annuity?

b. An annuity due?

(PLEASE EXPLAIN HOW TO DO IT IN A FINANCIAL CALCULATOR)

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