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Question(s) / Instruction(s):

                Annuity Payment             Annual Rate       Interest Compounded   Period Invested               

1.            $5,700                                                   8%               Annually                                         20 years              

2.            9,000                                                     2                   Semi-annually                              10 years              

3.            3,200                                                     12                Quarterly                                        5 year   

Required:

Calculate the present value of the following annuities, assuming each annuity payment is made at the end of each compounding period.

 

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