Question: Help please! (a) What is the present value of a 3-year annuity of $100 given a discount rate of 10%? (b) Show that if you

Help please!

(a) What is the present value of a 3-year annuity of $100 given a discount rate of 10%? (b) Show that if you invest the amount you computed in (a), that you would be able to withdraw $100 per year for 3 years. (Total: 5 marks)

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