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An annuity makes annual payments of $49,000, starting now, from an account paying 3.35% interest per year, compounded annually. Round your answers to two decimal

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An annuity makes annual payments of $49,000, starting now, from an account paying 3.35% interest per year, compounded annually. Round your answers to two decimal places. (a) Find the present value of the annuity if it makes ten payments. Present value of annuity = $ (b) Find the present value of the annuity if it makes payments in perpetuity. Present value of annuity = $

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