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Assume the interest rate is constant at 6%. Find the present value and Macaulay duration of an annuity that pays $11,000 in a year,

Assume the interest rate is constant at 6%. Find the present value and Macaulay duration of an annuity that pays $11,000 in a year, $10,000 in two years, $11,000 in three years, $10,000 in four years, etc.

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