Question: Please help me with the question below with detailed steps for each part, thank you! Problem 25.1 Calculate the present value of a continuous annuity

Please help me with the question below with detailed steps for each part, thank you!

Please help me with the question below with detailed steps for each

Problem 25.1 Calculate the present value of a continuous annuity of 1,000 per annum for 8 years at: (a) An annual effective interest rate of 4%; (b) A constant force of interest of 4%

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