Question: Problem 6. Future Value and Present Value of an Annuity. 10 points. Find the amount of each ordinary annuity: a) future value of $400 per

Problem 6. Future Value and Present Value of an Annuity. 10 points. Find the amount of each ordinary annuity: a) future value of $400 per monthly period for 5 years at 3.5% interest rate per year compounded monthly. b) present value of $350 per monthly period for 10 years at 5.1% interest rate per yenr com. pounded monthly. Solution: (a)

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