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Small claims court awarded you a monthly payment of $750 a month at the end of each month for next 6 years. The interest rate
Small claims court awarded you a monthly payment of $750 a month at the end of each month for next 6 years. The interest rate you earned on this investment is 5% annual compounded monthly for first two years. In the last four years you can earn interest of 8% compounded monthly. What is the amount of this settlement today? (Hint: start from the end and work backwards in two steps to find PV)
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