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Calculate the present value as at 1 June 2021 of 41 monthly payments each of 100 commencing on 1 January 2022, assuming a rate of

Calculate the present value as at 1 June 2021 of 41 monthly payments each of 100 commencing on 1 January 2022, assuming a rate of interest of 10% pa convertible half-yearly (solution: 3, 307). Answer must include actuarial notation.

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