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1. Suppose you want an ordinary annuity with present value $25000 and payments every three months for four years. The annual interest rate is 2.7% compounded every three months. (a) If the payments start at the end of the month, What is the value of each payment? (b) How long would you need to defer the payments by if you want payments of $2250 every three months? Round the number of periods deferred to the next highest Whole number and then com- pute the exaet time in months