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Jane Doe plans to make eleven end - of - month payments of $ 1 3 , 0 0 0 each on a short term

Jane Doe plans to make eleven end-of-month payments of $13,000 each on a short term investment account. The accound earns a month interest rate of 1%.
a) what is the present worth of these payments
b) repeat (a) but with beginning of month payments

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