What is present value of annuity-future value of annuity

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a. What is the present value of annuity of $3,000 per year, with the first cash flow received four years from today and the last one received 22 years from today if the discount rate is 8%?

b. What is the future value of an annuity of $5,000 per year, with the first cash flow being received today and lasting for 10 years (10 total payments of $4,000) if the interest rate is 8% annual.

Reference no: EM131955463

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