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1. Please use the lump sum approach to calculate the present value of an ordinary three-year annuity, where payments are seventy dollars each. Map out each step very clearly. Use r=0.06 (quarterly compounded). What would happen if these payments were "due"? Explain in equation format as well as in words. Makes sure to explain the reasoning behind this as well.

1. Please use the lump sum approach to calculate the present value of an ordinary three-year annuity, where payments are seventy dollars each. Map out each step very clearly. Use r=0.06 (quarterly compounded). What would happen if these payments were "due"? Explain in equation format as well as in words. Makes sure to explain the reasoning behind this as well.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Please help with this, also please draw use a physical Timeline

1. Please use the lump sum approach to calculate the present value of an ordinary three-year annuity, where payments are seventy dollars each. Map out each step very clearly. Use r=0.06 (quarterly compounded). What would happen if these payments were "due"? Explain in equation format as well as in words. Makes sure to explain the reasoning behind this as well.
Transcribed Image Text:1. Please use the lump sum approach to calculate the present value of an ordinary three-year annuity, where payments are seventy dollars each. Map out each step very clearly. Use r=0.06 (quarterly compounded). What would happen if these payments were "due"? Explain in equation format as well as in words. Makes sure to explain the reasoning behind this as well.
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