Question: Calculate the present value of the investment as of the beginning of the first period. Use the approach illustrated in the text to demonstrate

Calculate the present value of the investment as of the beginning of

Calculate the present value of the investment as of the beginning of the first period. Use the approach illustrated in the text to demonstrate the intrinsic calculations, and then verify your answer by reference to the appropriate present value table. If you have a "business" calculator, additionally verify your calculations using the present value functions included with your calculator.

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