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Find the present value of an ordinary annuity

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Reference no: EM131627751

Question: 1. Find the present value of an ordinary annuity with annual payments of $680 at 9% annual interest for 25 years?

2. Erin Calipari plans to have a stream of $2,500 payments each year for two years at 8% annual interest. How much should she set aside today?

Reference no: EM131627751

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