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Find the present value of the following ordinary annuities (See hint for Problems 4-9):

  • $400 per year for 10 years at 10%.
  • $200 per year for 5 ears at 5%
  • $400 per year for 5 years at 0%.
  • Now rework parts a, b and c assuming that payments are made at the beginning of each year, that is, they are annuities due.

 

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