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a. How much would you pay for an ordinary annuity that pays you $1000 a year for 10 years, but with a twist. The ninth payment is delayed a year, and occurs at the same time as the final, 10th payment? Use a 5% interest rate in your analysis
b. You started a plan where you invested at the end of each year. The first two years you saved $1000 a year, then you saved $2000 in years 3 and 4. If you earned a rate of 5%, how much did you have at the end of year 4?
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