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Calculate the present value of the following annuity streams, a. $4.000 received each year for five years on the last day of each year if

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Calculate the present value of the following annuity streams, a. $4.000 received each year for five years on the last day of each year if your investments pay 8 percent compounded annually b. $4,000 received each quarter for five years on the last day of each quarter if your investments pay 8 percent compounded quarterly. c. $4,000 received each year for five years on the first day of each year if your investments pay 8 percent compounded annually. d. $4,000 received each quarter for five years on the first day of each quarter if your investments pay 8 percent compounded quarterly. (For all requirements, do not round intermediate calculations. Round your answers to 2 decimol places. (e.9..32.16))

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