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uYou will receive $1,000 per month for the coming 10 years. You will deposit that amount at a 5% return annually. What is the present

uYou will receive $1,000 per month for the coming 10 years. You will deposit that amount at a 5% return annually. What is the present value of that investment?

uWhat is the contribution to the present value of the first payment? And the contribution of the last one?

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