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Assuming an effective discount rate of 0.08, we have 20 deposits of 120 at end of each year with the first deposit 1 year from

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Assuming an effective discount rate of 0.08, we have 20 deposits of 120 at end of each year with the first deposit 1 year from today. 1. What is the present value of these deposits (use the correct notation)? 2. What is the future value of these deposits at the time of the last deposit (use the correct notation)

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