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If you start making $230 monthly contributions today and continue them for five years, what’s their future value if the compounding rate is 9.25 percent APR? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Future value annuity $

What is the present value of this annuity? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Present value annuity $

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Financial Management, Finance

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