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1.What is the present value of $50 deposit each year for 20 years if rate of interest is 10% compounded monthly? 2. What is the

1.What is the present value of $50 deposit each year for 20 years if rate of interest is 10%

compounded monthly?

2. What is the present value of $400 in one year if the interest rate is 10% compounded

monthly?

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