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Using the appropriate interest table, compute the present values of the following periodic amounts due at the end of the designated periods

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Using the appropriate interest table, compute the present values of the following periodic amounts due at the end of the designated periods.

 

(a)

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$52,650 receivable at the end of each period for 7 periods compounded at 11%. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

 

Present value$enter the present value in dollars rounded to 0 decimal places

 

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(b)

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$52,650 payments to be made at the end of each period for 17 periods at 9%. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

 

Present value$enter the present value in dollars rounded to 0 decimal places