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PRESENT VALUE OF AN ANNUITYFind the present values of these ordinary annuities. Discounting occurs once a year. $600 per year for 12 years at 8%
PRESENT VALUE OF AN ANNUITYFind the present values of these ordinary annuities. Discounting occurs once a year. $600 per year for 12 years at 8% $300 per year for 6 years at 4% $500 per year for 6 years at 0% Rework parts a, b, and c assuming they are annuities due.
A)$600 per year for 12 years at 8%
B) $300 per year for 6 years at 4%
C) $500 per year for 6 years at 0%
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