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Find the present value of an ordinary annuity with payments of $14,817 quarterly for 7 years at 6.0% compounded quarterly. What is the present value? 2 Find the present value of an ordinary annuity with payments of $22,515 semiannually for 4 years at 7.6% compounded semiannually. What is the present value? 3 Find the monthly house payments necessary to amortize the following loan. Then calculate the total payments and the total amount of interest paid. $198,000 at 7.08% for 20 years Find the monthly house payments necessary to amortize the following loan. Then calculate the total payments and the total amount of interest paid. $199,000 at 6.96% for 20 years A new employee charged $3070 on his credit card to relocate for his first job. After noticing that the interest rate for his balance was 27% compounded monthly, he stopped charging on that account. He wishes to pay off his balance in 4 years using automatic payments sent at the end of each month. a. What monthly payment must he make to pay off the account at the end of 4 years? b. How much total interest will he have paid