About the present value

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1. For each of the following annuities, calculate the present value. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present Value Annuity Payment Years Interest Rate $ $ 2,550 7 8 % 1,445 9 7 12,955 20 9 32,900 26 11

2. You deposit $1000 today, followed by $2000 one year from today and $3000 two years from today. The interest rate in the account is 9.9% compounded quarterly. How much will you have in three years’ time (three years from today)? $7081.23 $7063.91 $6405.80 $7039.98 $6000.00

Reference no: EM131989864

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