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An annuity immediate pays 200 every month for 10 years. Calculate the present value at the...

  1. An annuity immediate pays 200 every month for 10 years. Calculate the present value at the following rates of interest:
    1. Annual effective interest rate of 6%
    2. Nominal interest rate convertible monthly of 8%
    3. Nominal rate of discount convertible once every two years of 4%

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