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An investment is expected to result in equal payments of $ 3990.00 at the end of each of the next 5 years (ordinary annuity). If

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An investment is expected to result in equal payments of $ 3990.00 at the end of each of the next 5 years (ordinary annuity). If the appropriate required rate of return (discount rate) is 12 %, what is the present value of the annuity stream? (annual compounding) (Answer to the nearest cent. le. one thousand dollars would be entered 1000.00) Find the future value of an initial $400 compounded annually for 7 years at 9%. (Answer to the nearest cent. i.e. one thousand dollars would be entered 1000.00) Your Answer: 57.14

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