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36. What is the present value of a $500 deposit in year 1 and another $100 deposit at the end of year 4 if interest

36.

What is the present value of a $500 deposit in year 1 and another $100 deposit at the end of year 4 if interest rates are 5 percent?

$480.00

$493.62

$558.46

$582.27

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