What is the present value of a $250 deposit in year 1 and another $50 deposit at
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Question:
What is the present value of a $250 deposit in year 1 and another $50 deposit at the end of year 6 if interest rates are 10 percent? Can you show us how to work this problem?
$120.00
$169.34
$255.50
$278.22
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