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An individual intends to invest into a pension fund the following future annuity payments: 1 0 1 1 paid at the end of each 6
An individual intends to invest into a pension fund the following future annuity payments:
paid at the end of each months during the first years followed by
paid at the beginning of each year up until year inclusive
Assuming that the rate of interest is pa convertible halfyearly throughout the entire period, calculate the present value of this future investment. Express your answer in s to decimal places.
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