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Calculate the present value of 37,500 due to be received in 9 years' time given an effective rate of discount of 3.1% per annum for

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Calculate the present value of 37,500 due to be received in 9 years' time given an effective rate of discount of 3.1% per annum for the first 6 years, followed by a nominal rate of interest of 9.4% per annum convertible half-yearly afterwards for the remaining years

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