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(a) Assume that the rate of interest is 6% per annum, compounded quarterly. Find the present value of a regular payment of $3,600 per annum

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(a) Assume that the rate of interest is 6% per annum, compounded quarterly. Find the present value of a regular payment of $3,600 per annum payable for 4 years if the payment is made quarterly in arrears (b) Find the present value of the same regular payment of $3,600 per annum payable for 4 vears if payment is made continuously through the year

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