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QUESTION 10 Determine the combined present value of the following series of payments using the given forward rates a payment at time t=1 of $2,700,

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QUESTION 10 Determine the combined present value of the following series of payments using the given forward rates a payment at time t=1 of $2,700, a payment at time t=2 of $3,200 and a payment of $1,500 at time t=3. year forward rate 1 4.0% 4.5% 3 5.0% Nm 6855.05 6582.84 6730.88 6660.45 6976.04

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