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QUESTION 9 A series of ten payments of $100 each is to be made with the first payment one year hence and with each subsequent

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QUESTION 9 A series of ten payments of $100 each is to be made with the first payment one year hence and with each subsequent payment two years after the preceding one. The annual effective interest rate is 54. Find the present value of the series of payments. A3519.96 B) 543.26 C) 571.92 D) 602.45 E)638.31

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