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1. Calculate the future value of an annuity due given the following information: Number of periods:                          

1. Calculate the future value of an annuity due given the following information:

Number of periods:                             4

Interest rate:                                        9%

Payments of $100 made at the beginning of each period.

2. Calculate the present value of an ordinary annuity given the following information:

Number of periods:                             7

Interest rate:                                        3%

Payments:                                            $500

3. How many times per year is a principal compounded with continuous compounding?

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