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QUESTION
Jason has just signed a health insurance plan which requires him to pay $210 per month for 5 months. The first payment is due in one month and the...
Jason has just signed a health insurance plan which requires him to pay $210 per month for 5 months. The first payment is due in one month and the interest rate is 12% per annum. What would be the present value of the payments?
$1,735.14dd
$1,398.21
$1,224.63d
$1,019.22
how to calculate that? thank you very much
