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a. An investor expects to receive $ 14 000 at the end of each year for the next eight years. What is the PV of

a. An investor expects to receive $ 14 000 at the end of each year for the next eight years. What is the PV of this investment if 18% interest is compounded annually?

The present value (PV) of this investment is $ .

b. An investor expects to receive $ 14 000 at the beginning of each semiannual period for the next eight years. What is the PV of this investment if 18% interest is compounded semiannually?

The present value (PV) of this investment is

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