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Question 7 [6 points] Calculate the periodic payments for each of the following general annuities due given the present value of the annuity. For full

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Question 7 [6 points] Calculate the periodic payments for each of the following general annuities due given the present value of the annuity. For full marks your answer(s) should be rounded to the nearest cent. Nominal interest rate Periodic Payment Term payment interval 0.00 3 months 7 years, 3 months 0.00 1 month 10 years, 6 months Compounding Present frequency value Monthly PV = $5,385.66 Semi-annually PV = $24,480.97 8.50% 8.75%

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