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2) Using the amounts in the table below and an interest rate of 10% compounded annually, determine: the equivalent present amount Use the gradient conversion

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2) Using the amounts in the table below and an interest rate of 10% compounded annually, determine: the equivalent present amount Use the gradient conversion factor, if and where applicable, for full credit. EOY Deposit 0 100 1 0 2 0 3 200 4 500 5 500 6 500 500 8 650 9 550 10 450 11 350 7

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