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i. Find the annual payments for an ordinary annuity and an annuity due for 8 years with a PV of $1,000 and an interest rate
i. Find the annual payments for an ordinary annuity and an annuity due for 8 years with a PV of $1,000 and an interest rate of 9%. Round your answers to the nearest cent.
Annual payment for ordinary annuity: | $ fill in the blank 31 |
Annual payment for annuity due: | $ fill in the blank 32 |
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