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For each of the following cases, calculate the present value of the annuity, assuming the annuity cash flows occur at the end of each

For each of the following cases, calculate the present value of the annuity, assuming the annuity cash flows occur at the end of each year. Interest Period Annuity Rate (%) (Yrs) 36,000 12 4 24,000 4 20 Interest Present Value ($) Present Annuity Rate (%) Period (Yrs) Value ($) 36,000 12 4 (Round to the nearest cent.)

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