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Question 3. You will receive $50 at the beginning of each month for the next 10 years. At the end of 10 years you will

image text in transcribed Question 3. You will receive $50 at the beginning of each month for the next 10 years. At the end of 10 years you will receive a final payment of $500. What is the present value of that cash flow if the proper discount rate is 4% per year compounded monthly? Question 4. You are considering a monthly car insurance and have received a quote of $75 per month? If the proper discount rate is 4%, what is the present value of this annual contract? Question 5. You have found a great condo to rent for the next year. The monthly rent is $1,200 if you sign a monthly contract. If your opportunity cost (hint: discount rate) is 4.3% per year compounded monthly, what is the present value of this rental contract

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