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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License. math exams: Question FM 11/14/2011 3:37

Monday, November 14, 2011

Question FM 11/14/2011 3:37

Find the present value at time 0 of regular payments of 100 at time 15 years, 16 years, and so on, with the last payment at time 20 years. Use an annual effective interest rate of $8\%$.

Ans: $\$157.39$

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