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An annuity-immediate makes a payment of $110 in one year, $120 in two years, $130 in three years, and so on forever. The annual interest

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An annuity-immediate makes a payment of $110 in one year, $120 in two years, $130 in three years, and so on forever. The annual interest rate compounded monthly is 6%. Calculate the present value of the annuity. (use a decimal number, rounded to the nearest 100th, without \$ sign. For example, 1234.56) An annuity-immediate pays $500 at the end of 1 year, $480 at the end of 2 years, $460 at the end of 3 years, and so on, until a final payment is made at the end of 5 years. The annual effective interest rate is 9% per year. Calculate the present value of the annuity-immediate. (use a decimal number, rounded to the nearest 100th, without \$ sign. For example, 1234.56)

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