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Calculate the present value of payments

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Reference no: EM132892224

Problem 1: Calculate the present value of 120 payments of $50.00 made at the end of each of 120 consecutive months respectively if money is worth 12% compounded monthly.

Option 1: $6000.00

Option 2: $3000.00

Option 3: $3485.03

Option 4: $34 850.30

Option 5: $3485.02

Reference no: EM132892224

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