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Calculate the present value of the following annuities, assuming each annuity payment is made at the end of each compounding period. (FV of $1,
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, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.) Annuity Payment Annual Rate Interest Compounded Period Invested 1. $ 4,000 7% Annually 5 years $ 2. 9,000 8 % Semiannually 3 years 3. 3,000 8 % Quarterly 2 years Present Value of Annuity 16,400.80
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