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What is the present value of a $1,000 annuity payment over four years if interest rates are 7 percent? (Round your answer to two decimal

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What is the present value of a $1,000 annuity payment over four years if interest rates are 7 percent? (Round your answer to two decimal places.) Question 8 10 pts If the present value of an ordinary, eight-year annuity is $7,800 and interest rates are 6 percent, what is the present value of the same annuity due? (Round your answer to two decimal places.)

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