Question: please help me out with this question and please explain everything Instructions Solve the following problem: 1- The annual amount of a series of payments

please help me out with this question and please explain everything

please help me out with this question and please explain everything Instructions

Instructions Solve the following problem: 1- The annual amount of a series of payments to be made at the end of each of the next ten years is $480. What is the present worth of the payments at 8% interest compounded annually

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