# What is the present worth of the following series of payments? (a) $1,000 at the end of

## Question:

(a) $1,000 at the end of each year for 8 years at 6.8% compounded annually

(b) $3,500 at the end of each year for 12 years at 9.5% compounded annually

(c) $1,900 at the end of each year for 9 years at 8.25% compounded annually

(d) $9,300 at the end of each year for 5 years at 7.75% compounded annually

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