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9. A man who is going to be living abroad for 2 years wants to...

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9. A man who is going to be living abroad for 2 years wants to monthly payments of $750 to his parents at the end of each month while he is gone. The interest rate he can obtain is 6% compounded monthly an ordinary annuity that will provide buy a. Over the 2 years, how much money will his parents receive from their son? b. What is the amount of the annuity that he must buy now (present value) to generate these payments

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