Question: please write in text not in handwriting since its hard to read from a paper pic and i need an explanation for the problem thank

please write in text not in handwriting since its hard to read from a paper pic and i need an explanation for the problem thank you

Suppose you are going to receive $7,800 per year for 5 years. The appropriate discount rate is 7%. What is the present value of the payments if they are in the form of an ordinary annuity? What is the present value of the payments if they are in the form of an annuity due?

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