15) If an investor offers $600 at the end of each year for three years and...

15) If an investor offers $600 at the end of each year for three years and if the interest rate is 8%, the maximum you pay him (PV) of this ordinary annuity is
16) Referring to the 15 question, assume that instead of getting the payment of $600 at the end of the year, the investor offers to give you the money at the beginning of the year, the maximum amount of money you offer him today (present value for this annuity due) is

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