Calculate the present value of a loan that could be cleared by payments of $3,450...
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Calculate the present value of a loan that could be cleared by payments of $3,450 at the end of every 6 months for 7 years if money earns 6.00% compounded semi-annually. $0.00 Round to the nearest cent Anna purchases a retirement annuity that will pay her $1,500 at the end of every six months for the first ten years and $300 at the end of every month for the next seven years. The annuity earns interest at a rate of 3.9% compounded quarterly. a. What was the purchase price of the annuity? $0.00 Round to the nearest cent b. How much interest did Anna receive from the annuity? $0.00 Round to the nearest cent
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