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Trish receives $480 on the first day of each month. Josh receives $480 on the last day of each month. Both Trish and Josh will
Trish receives $480 on the first day of each month. Josh receives $480 on the last day of each month. Both Trish and Josh will receive monthly payments for next 3 years. At a 9.5 percent annual rate, compounded monthly, what is the highest present value amount?
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