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1. What is the present value of an annuity in which $200 is paid each year for 5 years, assuming a discount rate of 2% and the first payment is received one year from now? Please round your answer to the nearest cent.

2. What is the present value of an annuity in which $100 is paid each year for 6 years, assuming a discount rate of 4% and the first payment is received one year from now? Please round your answer to the nearest cent.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92689051

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