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An annuity pays 250 at the end of each 4 year period for 40 years. You are given: i. i = 13.62% ii. a =

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An annuity pays 250 at the end of each 4 year period for 40 years. You are given: i. i = 13.62% ii. a = 4.6986 Determine the present value of this annuity

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