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Calculate the present value

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Question - Manpreet is figuring to invest in life insurance, but she is confused because of the payment structure. Both life insurance requires payment for next 10 years and offer interest rate of 10%. Both insurance policies require annual payments of 35000. However, one require payment in advance and the other require payment at the end of the period. Calculate present value if payment is made at the end.

Reference no: EM133040957

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