Question: Using the PV(annuity) formula we derived in class, calculate the PV of an annuity of $500.00 per year for 4 years at r=5%. Show that

Using the PV(annuity) formula we derived in class, calculate the PV of an annuity of $500.00 per year for 4 years at r=5%. Show that your answer is simply your answer to #2 above minus your answer to #3 above

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