Posted by **Gibbons** on Tuesday, June 22, 2010 at 3:45am.

In the problems 1 to 3, find the present value of the given (ordinary) annuity.

1. $3500000 every 6 months for 5 years at the rate of 16% compounded semi-annually.

2. $7000000 per month for 10 months at the rate of18% compounded monthly.

3. $1700000 per year for 5 years at the rate of 14% compounded annually.

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