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Calculate the present value of the annuity $100 payable end of every month for 10 years, where effective rate of interest is 8%. A loan
- Calculate the present value of the annuity $100 payable end of every month for 10 years, where effective rate of interest is 8%.
- A loan of $1000 is being repaid with quarterly payments at the end of each quarter for five years at 6% convertible quarterly. Find the outstanding loan balance at the end of the second year.
- Find the present value of payments of $100 every quarter starting im- mediately and continuing through four years from the present where i(4) = 0.06.
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