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Calculate the present value of the following annuity streams: a. $5,000 received each year for 5 years on the last day of each year if

Calculate the present value of the following annuity streams: a. $5,000 received each year for 5 years on the last day of each year if your investments pay 6 percent compounded annually. b. $5,000 received each quarter for 5 years on the last day of each quarter if your investments pay 6 percent compounded quarterly.

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