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(4-2) What is the present value of a security that will pay $5,000 in 20 years if securities of equal risk pay 7% annually?
(4-2) What is the present value of a security that will pay $5,000 in 20 years if securities of equal risk pay 7% annually?(4-6) What is the future value of 7%, 5-year ordinary annuity that pays $300 each year? If this were an annuity due, what would its future value be?
