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Calculate the present value of an annual payment

Question 1: Calculate the present value of an annual payment of $3,000 per year for ten years at 8% (ordinary annuity)

Question 2: How much will you have at the end of the 6th year if you invest $5,000 annually for six years at 7% annual rate, if you start one year from today?

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Finance Basics: Calculate the present value of an annual payment

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