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Question Ten deposits are made every 6 months starting today. The first deposit is $100 and each subsequent deposit increases by $5. The effective annual
Question Ten deposits are made every 6 months starting today. The first deposit is $100 and each subsequent deposit increases by $5. The effective annual interest rate is 8%. Which of the following is a correct equation of the PV. Possible Answers A PV = 100 + 1050 + 110v2 + 115v3 + ... + 145v9, where j = 4%. B PV = 100 + 1050 + 110v2 + 11503 + ... + 150v10 , where j = 3.92%. CPV = 100 + 105v + 110v2 + 115v3 + ... + 145v9, where j = 3.92%. DPV = 100 + 1050 + 110v2 + 115v3 + ... + 145v9, where j = 8%. E PV = 100 + 105v1/2 + 110v1 + 115v3/2 + ... + 150v9/2 , where j = 8%
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