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URGENTT!!! Calculate the present value of the following: a-1. Annual payment of $950 for 10 years at 5% interest. (Do not round intermediate calculations. Round
URGENTT!!!
Calculate the present value of the following: a-1. Annual payment of $950 for 10 years at 5% interest. (Do not round intermediate calculations. Round your answer to 2 decimal places.) a-2. Annual payment of $750 for 15 years at 5% interest. (Do not round intermediate calculations. Round your answer to 2 decimal places.) a-3. Which option would you prefer? b-1. Annual payment of $950 for 10 years at 20% interest. (Do not round intermediate calculations. Round your answer to 2 decimal places.) b-2. Annual payment of $750 for 15 years at 20% interest. (Do not round intermediate calculations. Round your answer to 2 decimal places.) b-3. Which option would you prefer? a-1. a-2. a-3. b-1. b-2. b-3. Present value Present value Which option would you prefer? Present value Present value Which option would you preferStep by Step Solution
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