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Deposits of 10 are placed into a fund at the end of each year for 18 years with the first deposit occurring at t =

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Deposits of 10 are placed into a fund at the end of each year for 18 years with the first deposit occurring at t = 8. The effective annual interest rate is 7%. Calculate the present value of the series of payments. 0 71.41 67.03 062.64 (58.26 75.80

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