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Find the following values. On questions asking about multiple years, assume a regular, or ordinary, annuity. a. The present value of $1,500 paid five years
Find the following values. On questions asking about multiple years, assume a regular, or ordinary, annuity.
a. The present value of $1,500 paid five years from now with a 4% discount rate
b. The future value of a $3,000 lump sum invested for 7 years at 5%
c. The present value of an annuity paying $30,000 per year for 5 years at a 6% discount rate
d. The future value of an annuity paying $20,000 per year for 7 years at a 4% discount rate
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