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What is the present value of $600 payments received at the beginning of each year for the next 10 years? Assume an interest rate of
What is the present value of $600 payments received at the beginning of each year for the next 10 years? Assume an interest rate of 8% compounded monthly. (Hint: You will use the EAR of as your rate). 1) $4,026.05 2) $3,069.13 3) $4,348.13 4) $4,301.83 5) $3,972.13
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