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( Present value of an annuity due ) a . Determine the present value of an annuity due of $ 4 , 0 0 0

(Present value of an annuity due) a.Determine the present value of an annuity due of $4,000 per year for 8 years discounted back to the present at an annual rate of 14 percent. b. What would be the
present value of this annuity due if it were discounted at an annual rate of 19 percent?
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