What is the present worth of the following series of payments? (a) $3,000 at the end of
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(a) $3,000 at the end of each six-month period for 10 years at 6% compounded semiannually.
(b) $4,000 at the end of each quarter for 12 years at 8% compounded quarterly.
(c) $2,200 at the end of each month for four years at 9% compounded monthly.
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