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Ahmed will pay 1,000 every year for a period of 15 years as a fixed installment for a building he has purchased. These cash payments
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Ahmed will pay 1,000 every year for a period of 15 years as a fixed installment for a building he has purchased. These cash payments are paid before the year begins always on the 1st of January of every year. If interest rate is 10%, calculate the present value of his cash payments.
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