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QUESTION #3 (10 marks) (#3) For the cash flows shown below, determine the present worth (time 0), using an effective interest rate of 19.56% per

QUESTION #3 (10 marks) (#3) For the cash flows shown below, determine the present worth (time 0), using an effective interest rate of 19.56% per year, compounded monthly. Month Cash Flow, S/Month 0 1000 1-12 2000 13-28 3000

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