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Problem 1 the end of t h e decreasing by och year rining is paid. Find the present (15 points) Exercise 4.23 The following payments

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Problem 1 the end of t h e decreasing by och year rining is paid. Find the present (15 points) Exercise 4.23 The following payments are made under an value if the annual effective rate of interest is 6%. ANSWER preview answers Problem 2 (15 points) (Exercise 428) Find the present value of a 20-year annuity with annual payments annual effective rate of interest is 9.2% 8 $700 immediately and each and payment is 4% greater than the preceding payment. The ANSWERS preview

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