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An annuity consists of end - of - month payments of $ 1 5 0 continuing for 6 . 5 years. a . Based on
An annuity consists of endofmonth payments of $ continuing for years.
a Based on a nominal rate of compounded quarterly, calculate the annuitys present value. Do not round intermediate calculations and round your final answer to decimal places.
Present value $
b Based on a nominal rate of compounded quarterly, calculate the annuitys future value. Do not round intermediate calculations and round your final answer to decimal places.
Future value $
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