For each of the following cases, calculate the present
value of annuity, assuming the annuity cash flows occur at the end of each
year. #1- Annuity/ $32,000/ Interest rate/16%/ 3 years? #2- Annuity/ $25,000/
Interest rate/ 4%/ 10 years?
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1. $ 71868.47
2. $ 202772.39
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