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Determine the present value of the following series of payments: $ 4,000 at the end of each month for 8 years at 9% compounded

Determine the present value of the following series of payments: • $ 4,000 at the end of each month for 8 years at 9% compounded monthly. Step # 1: Graph the situation Step # 2: Equation with Factor nomenclature. Step # 3: Replacement of factors and mathematical solution of the problem.

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