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Compute the present value of 1 0 years of monthly payments that begin a month from now according to the following scenario. The nominal annual

Compute the present value of 10 years of monthly payments that begin a month from now according to the following scenario. The nominal annual interest rate is 18% throughout the ten year period, the amount of each payment the first four years is $600 and the amount of each payment the final six yearsis$1,000.

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