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16-11-2022
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What’s the present value of a 5-year ordinary annuity of $100 plus an additional $500 at the end of Year 5 if the interest rate is 6%? What is the PV if the $100 pay- ments occur in Years 1 through 10 and the $500 comes at the end of Year 10? ($794.87, $1,015.21)

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