Calculate the present value at ten percent interest

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Problem 1: If interest rates are 5 percent, what is the present value of a $900 annuity payment over three years? Unless otherwise directed, assume annual compounding periods.

Problem 2: Recalculate the present value at 10 percent interest and 13 percent interest. Please OVER explain so that a complete novice can replicate. Show and explain any formulas used

Reference no: EM132764124

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