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Question 12 (10 points) What present sum is equivalent to a series of $1000 annual end-of-year payments, if a total of 10 payments are made and interest is 6%? The present sum is most nearly? $6260 $9400 $7350 $9000

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Answer #1

to here , nニ Number 01 so ba lo baymanl Rtesunt 요.ms $1000p-Cloo.0에 0-0 looo io 0- 19 Hence the answer will be $7350

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