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Compute the present values of the following annuities first assuming that payments are made on the last day of the period and then assuming payments

Compute the present values of the following annuities first assuming that payments are made on the last day of the period and then assuming payments are made on the first day of the period:(Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))

Payment Years Interest Rate PV PV

Pymt made on last day of period Pymt made on first day of period

868.09 7 13% ______________ _____________

9,868.26 13 6% ______________ _____________

22,222.93 23 4% ______________ _____________

71,612.54 4 31% ______________ _____________

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