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Present Value using a 6% rate of Interest: Calculate the value of this income stream. Remember to total your numbers. n Income 1 $2000 2

Present Value using a 6% rate of Interest: Calculate the value of this income stream. Remember to total your numbers.

n Income

1 $2000

2 $2000

3 $2000

4 $2000

a. PV of an ordinary annuity:

b. PV of an annuity due:

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