Calculate the present value of the following annuity streams: a. $7,000 received each year for 5 years on the last day of each year if your investments pay 6 percent compounded annually. b. $7,000 received each quarter for 5 years on the last day of each quarter if your investments pay 6 percent compounded quarterly. c. $7,000 received each year for 5 years on the first day of each year if your investments pay 6 percent compounded annually. d. $7,000 received each quarter for 5 years on the first day of each quarter if your investments pay 6 percent compounded quarterly.
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Calculate the present value of the following annuity streams: a. $7,000 received each year for 5 ye...
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