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a. Find the present value of a single payment of $24,000 at 6 percent for 12 years. b. Find the present value of 12 annual

a. Find the present value of a single payment of $24,000 at 6 percent for 12 years.

b. Find the present value of 12 annual payments of $2,000 at 6 percent.

c. Find the present value of a single payment of $5,000 at 9 percent for five years.

d. Find the present value of five annual payments of $5,000 at 9 percent.

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