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Calculate the present value of the following annuity streams LG 29 a $5000 received each year for 5 years on the last day of each year if your investments pay 6 percent compounded annually

Calculate the present value of the following annuity streams: ( LG 2-9 )

a. $5,000 received each year for 5 years on the last day of each year if your investments pay 6 percent compounded annually.

b. $5,000 received each quarter for 5 years on the last day of each quarter if your investments pay 6 percent compounded quarterly.

c. $5,000 received each year for 5 years on the first day of each year if your investments pay 6 percent compounded annually.

d. $5,000 received each quarter for 5 years on the first day of each quarter if your investments pay 6 percent compounded quarterly.

May 11 2020 View more View Less

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