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d) Calculate the present value as at 1 March 2005 of a series of payments of 1,000 payable on the first day of each month

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d) Calculate the present value as at 1 March 2005 of a series of payments of 1,000 payable on the first day of each month from April 2005 to December 2005 inclusive, assuming a rate of interest of 6% pa convertible monthly. e) The force of interest is given by: (0.08 -0.001t0st

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