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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 10:54

Monday, November 14, 2011

Question FM 11/14/2011 10:54

Determine the present value of payments of

$\$10$ to be made at the end of each year starting this year. The payments continue forever. The annual effective interest rate is

$6\%$ .

Ans: $\$166.67$ .

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