What is the present value for the cases

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Reference no: EM131003400

What is the present value for the following cases? (include cash flow diagram)

a) A series of 9 monthly payments starting at $400 in the first month increasing by $100 every month with an interest rate of 6% compounded monthly.

b) A series of 11 monthly payments starting at $200 in the first month and increasing by 3% every month at an interest rate of 8% compounded monthly.

Reference no: EM131003400

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