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SECTION 1.2 and 1.3 B wil receive S5000 at the end of each year for the next 4 years. Using an effective annual interest rate

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SECTION 1.2 and 1.3 B wil receive S5000 at the end of each year for the next 4 years. Using an effective annual interest rate of 6%, find today's present value of all the payments Bill will receive. 12

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