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MATH 330 Homework Set 6.1 There is a plan that pays 10 dollars for the first 5 years, and then pays 15 dollars for all

MATH 330

Homework Set 6.1

There is a plan that pays 10 dollars for the first 5 years, and then pays 15 dollars for all the following years. If the annual effective interest rate i is 0.1, please calculate the present value of this plan.

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