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Find the present value of an annuity-immediate payable

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1. Find the present value of an annuity-immediate payable quarterly for 10 years with payments of $1,000 at the end of each quarter using an effective annual interest rate of 4%.

2. The present value of a perpetuity-due that is payable every other year is 100,000 using an annual interest rate of 6%. What is amount of each payment?

Note: the first payment is at time 0.

Reference no: EM133083713

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