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Accumulated sum of the following stream of payments

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Reference no: EM133115723

1. What is the accumulated sum of the following stream of payments? $35 each year, at the beginning of the year, for 7 years compounded annually at 7 percent.

2. What is the present value of a 5-year annuity due of $1,000 annually given a 10% discount rate.

Reference no: EM133115723

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