Find the accumulated value of this annuity

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1. An annuity pays 10,000 every year for 30 years. Find the accumulated value of this annuity 3 years after the last payment. Assume that the effective annual interest rate is 10%.

2. An annuity pays 5,000 every year for 25 years. Find the present value of this annuity 2 years before the first payment. Assume that the effective annual interest rate is 12%.

Reference no: EM13847203

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