Question: Problem 4. Future Value and Present Value of an Annuity. 10 points. Find the amount of each ordinary annuity a) future value of $6500/quarter for

Problem 4. Future Value and Present Value of an Annuity. 10

Problem 4. Future Value and Present Value of an Annuity. 10 points. Find the amount of each ordinary annuity a) future value of $6500/quarter for 10 years at 4.99% interest rate per year compounded quar- terly. b) present value of $2200/semiannual period for 15 years at 3.97% interest rate per year com pounded semiannually. Solution: (b)

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