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The monthly interest rate is .005 (i.e. 0.5%). What is the PV of the following cash flows: | 0 1 2 3 4 5 6
The monthly interest rate is .005 (i.e. 0.5%). What is the PV of the following cash flows:
| 0 1 2 3 4 5 6 | 39 40 months $75 $50 $75 $50 $75 $50 . $75 $50Step by Step Solution
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