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Determine the present value of the annuity

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Reference no: EM132950736

Problem 1) Determine the regular monthly deposit required to accumulate $6000 in 5 years at an interest rate of 5% compounded monthly?

Problem 2) Determine the present value of the annuity which provides a payment of $850 every 3 months for 5 years at an interest rate of 4.25% compounded quarterly?

Reference no: EM132950736

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