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answer in 1 hr Assuming an effective interest rate of 7% pa, find the...

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answer in 1 hr

Assuming an effective interest rate of 7% pa, find the present value today (i.e. on 12 May 2021) of a series of annual payments made in arrear that is such that the first payment (which is received in a year's time) is of amount R9,600 and each successive payment decreases by R800 until the last payment which is made on 12 May 2033

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