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Find the present value of an annuity due that pays $3000 at the beginning of each quarter for the next 5 years. Assume that money
Find the present value of an annuity due that pays $3000 at the beginning of each quarter for the next 5 years. Assume that money is worth 5.8%, compounded quarterly. (Round your answer to the nearest cent.) $ X Enter a number. Need help! Read It Show My Work (Optional) A couple received a $132,000 inheritance the year they turned 50 and invested it in a fund that earns 6.2% compounded semiannually. If this amount is deferred for 12 years (until they retire), how much will it provide at the end of each half year in dollars) for the next 20 years after they retire? (Round your answer to two decimal places.) $ Enter a number # Show My Work (Optional)
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