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Assuming an annual effective rate of interest of 5.5%, calculate the following: a) The present value of a 15-year annuity with payments at the beginning

Assuming an annual effective rate of interest of 5.5%, calculate the following:

a) The present value of a 15-year annuity with payments at the beginning of each quarter and a payment rate of $600 per year.

b) The present value of a 15-year annuity with payments at the end of each month and a payment rate of $600 per year.

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