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3 1 Time Valu may 2 Consider the following cash flows: You expect to receive $1,000 every six month (at the end of period) for

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3 1 Time Valu may 2 Consider the following cash flows: You expect to receive $1,000 every six month (at the end of period) for 20 years. The account is paying monthly compounded nominal rate of 5% per year. A) Find the future value of the account at the end of year 157 6 B) What is the future value at end of year 20 1f each cash flow arrives in the middle of the six-month period

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