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If 10000 TL will be placed in your savings account at the end of each year for 7 years, what is the present worth of
If 10000 TL will be placed in your savings account at the end of each year for 7 years, what is the present worth of the total amount? In other words, if you want to give 10000 TL per year to someone for 7 years, what sum would be required at present? The interest rate is 14%.
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