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You will receive 13 payments of $535, where the first payment will be received today (Month 0) and all other payments will be received in
You will receive 13 payments of $535, where the first payment will be received today (Month 0) and all other payments will be received in 10-month intervals (Months 10, 20, 30 120). Assume that the appropriate EAR is 7.68 percent. Given this information, determine the present value of these 13 payments at Month 0.
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