Question: Directions: Answer the annuity and amortization problem and draw the cash flow diagram Determine the present worth and the accumulated amount of the annuity consisting

Directions: Answer the annuity and amortization problem and draw the cash flow diagram

  1. Determine the present worth and the accumulated amount of the annuity consisting of 8 payments of $12500 each the payment are made at the beginning of each year. Money is worth 15% compounded quarterly.

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