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10. (10 points) Find the sum of the present values of two payments of $100 each to be paid at the end of year 4

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10. (10 points) Find the sum of the present values of two payments of $100 each to be paid at the end of year 4 and year 9, if (a) interest is compounded semiannually at the nominal rate of 8% per year, and (b) the simple interest method at 8% per year is used

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