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i. Find the annual payments for an ordinary annuity and an annuity due for 12 years with a PV of $1,000 and an interest rate

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i. Find the annual payments for an ordinary annuity and an annuity due for 12 years with a PV of $1,000 and an interest rate of 7%. Round your answers to the nearest cent. Annual payment for ordinary annuity: $ Annual payment for annuity due: $

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