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What is the present worth of $10,000 payments made each year at a nominal interest rate...

What is the present worth of $10,000 payments made each year at a nominal interest rate of 6%,

compounded semi-annually (i.e., twice per year)? (10 points)

i. For a period of 50 years? (2 points)

ii. In perpetuity? (2 points)

Engineering   Civil-Engineering   
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