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Remember to explain all your steps and to show all formulas you use before you...

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Finance

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  • Remember to explain all your steps and to show all formulas you use before you put

    numbers into the equations. o First, write the formula o Second, substitute the numbers into the formulao Third, say what is left to compute o Fourth, compute

Question 5 Compute: Present Value (5.1) Compute the present values of the following ordinary annuities Payment Years Interest Rate 678.09 7 13% 7,968.26 13 6 20,322.93 23 4 (5.2) Compute the future values of the following ordinary annuities Years Interest Rate 13% Future Value 13 Payment 123 4,555 74,484 8 - 8 5 10

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