1 - Texas A&M University
3. Find the present value of $75,700 due in 5 yr at an interest rate of 7%/year compounded monthly. 4. Find the future value of an ordinary annuity of $130/month for 10 yr at 8%/year compounded monthly. 5. Find the present value of an ordinary annuity of 48 payments of $2000 each made quarterly and earning interest … ................
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