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What is the present value of a savings account that is expected to pay $1,015 at the end of year 1 and $1,250 at the
What is the present value of a savings account that is expected to pay $1,015 at the end of year 1 and $1,250 at the end of 3rd year given the nominal rate of return is 5.5% in the first year and 9.5% in the second and third year? Please show work on EXCEL!!
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