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4 What is the present worth of a total of 24 payments occurring every two months? The first payment is $X and is paid two

4 What is the present worth of a total of 24 payments occurring every two months? The first payment is $X and is paid two months from now. The second payment is $Y and each subsequent payment increases by $z. Interest is A% nominal per year compounded every two months. X= Y= $100 $110 $10 6% Z= A=

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