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Question 1 What is the present value of $1 paid at the beginning of each month for 10 years, given a nominal interest rate of

Question 1 What is the present value of $1 paid at the beginning of each month for 10 years, given a nominal interest rate of 12% convertible monthly? (A) (10.12% (B) (120115 (C) TO 12% (D) 7720119 (E) v2

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