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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 11:47

Monday, November 14, 2011

Question FM 11/14/2011 11:47

Determine the present value of payments of

$\%10$ payable continuously each year, starting now and continuing indefinitely. The annual effective interest rate is

$6\%$ .

Ans: $\$171.62$

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