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1. Payments of 100, 110, 120, 130,..., 250 are made at the end of years 1,...,16 respectively. Interest rate is 5% per year. Find the

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1. Payments of 100, 110, 120, 130,..., 250 are made at the end of years 1,...,16 respectively. Interest rate is 5% per year. Find the present value

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