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What is the present value

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Reference no: EM131041302

What is the present value of $500 payments received at the beginning of each year for the next 10 years? Assume an interest rate of 9% compounded monthly.

  • $3,069.13
  • $3,497.62
  • $4,087.16
  • $4,301.82
  • $4,417.96

Reference no: EM131041302

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