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f . Find the PV of an ordinary annuity that pays $ 1 , 0 0 0 each of the next 5 years if the

.

Find the PV of an ordinary annuity that pays $

1, 000

each of the next

5

years if the interest rate is

13 % .

Then find the FV of that same annuity, Round your answers to the nearest cent.

PV of ordinary annuity: $

FV of ordinary annuity: $

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