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Find the present value and final amount of an annuity

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Problem 1: A loan of ?40,000 is to be amortized by equal payments at the beginning of each quarter for 18 months. If interest is 7.5% compounded quarterly, find the periodic payment.

Problem 2: Find the present value and final amount of an annuity of ?12,000 at the beginning of every 6 months for a term of 8 years if the interest is 9.8% compounded semiannually.

Reference no: EM132787391

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