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Calculate the Present Value of an annuity which pays $500 at the end of year 1, and decreases by $10 each year until the final

Calculate the Present Value of an annuity which pays $500 at the end of year 1, and decreases by $10 each year until the final payment of $390. Using an annual effective rate of interest of 4%, find the present value of these payments at time 0. Also, calculate the accumulated value of the annuity.

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