What is the economic value today of 24 monthly payments of $500 with the first payment...
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What is the economic value today of 24 monthly payments of $500 with the first payment occurring 10 months from today? Assume that money can earn 12% compounded monthly. What is the economic value today of 24 monthly payments of $500 with the first payment occurring 10 months from today? Assume that money can earn 12% compounded monthly.
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