Question
Calculate the present value of the following annuities, assuming each annuity payment is made at the end of each compounding period. (FV of $1, PV
Calculate the present value of the following annuities, assuming each annuity payment is made at the end of each compounding period. (FV of $1, PV of $1, EVA of $1, and PVA of $1) (Use tables, Excel, or a financial calculator. Round your answers to 2 decimal Places.
1.) Annuity Payment: $4800; Annual Rate: 10.0%; Interest Compounded: Quarterly; Period Invested: 2 years
2.) Annuity Payment: 9800; Annual Rate: 11.0%; Interest Compounded: Annually: Period Invested: 5 years
3.) Annuity Payment: 3800: Annual Rate: 12.0%; Interest Compounded: Semiannually; Period Invested: 3 years
Please calculate the present value of the above annuities, assuming each annuity payment is made at the end of each compounding period. Thank you!
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