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Q) Exactly six years from today you will receive a $150 payment. Then, you continue to receive $150 each year until you receive the final
Q) Exactly six years from today you will receive a $150 payment. Then, you continue to receive $150 each year until you receive the final payment exactly nine years after you received the first payment. If the interest rate is 4% p.a. what is the value today of this series of $150 payments? a. $916.70 b. $1,216.63 c. $1,115.30 d. $790.30 e. $999.98
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