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You will receive $500 every 6 months for the next 2 years. What is the present value of these cash flows if discounted by the

You will receive $500 every 6 months for the next 2 years. What is the present value of these cash flows if discounted by the following rates: Month Annual Rate 6 .50% 12 .75% 18 .85% 24 1.00%

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