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A contract calls for payments of $800 at the end of every month period for 6 years and an additional payment of $8000 at the

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A contract calls for payments of $800 at the end of every month period for 6 years and an additional payment of $8000 at the end of 6 years. What is the present worth of the contract at a) 6% p.a. compounded quarterly b) 7% compounded continuously

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