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Certificate A pays $1300 in two months and another $1300 in four months. Certificate B pays $1300 in three months and another $1300 in five
Certificate A pays $1300 in two months and another $1300 in four months. Certificate B pays $1300 in three months and another $1300 in five months. If the current rate of return required on this type of investment certificate is 4.10%, determine the current value of each of the certificates. (Do not round intermediate calculations)
Value of certificate A | $ |
Value of certificate B | $ |
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