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Question 3 3.75 pts What is the value today of receiving $5,000 at the end of each six-month period for the next four years, assuming

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Question 3 3.75 pts What is the value today of receiving $5,000 at the end of each six-month period for the next four years, assuming an annual interest rate of 4% compounded semi-annually? O $34,512. O $36,627. O $32,459. O $33,664. O $40,000 3.75 pts Question 4 Question 4 3.75 pts Tex Walters is planning on a cruise for his 70th birthday party. He wants to know how much he should set aside at the end of each month at 6% interest to accumulate the sum of $4,800 in five years. He should use a table for the: Future value of an annuity of $1. O Present value of $1. O More than one of the choices is correct. O Future value of $1. O Present value of an annuity of $1. 3.75 pts Ouestion 5

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