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Determine the present value of an annuity due of $ 3 , 0 0 0 per year for 2 5 years discounted back to the

Determine the present value of an annuity due of $

3, 000

per year for

25

years discounted back to the present at an annual rate of

9

percent. What would be the present value of this annuity due if it were discounted at an annual rate of

14

percent

?

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