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Find the present value of the following ordinary annuities: a) PV of $300 each six months for five years at a simple rate of 12

Find the present value of the following ordinary annuities:

a) PV of $300 each six months for five years at a simple rate of 12 percent, compounded semiannually

b) PV of $150 each three months for five years at a simple rate of 12 percent, compounded quarterly

**(show work please!)

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