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Part $1$

Jane Doe plans to make

eleveneleven

$$end$-$of$-$month payments of

$$$$17$ comma $00017,000$

each on a short term investment account. The account earns a monthly interest rate of

$2\mathrm{.}52\mathrm{.}5\%.$

a$.$ What is the present worth$($i$.$e$.,$

P$$Subscript$0)$

of these$$payments$?$

b$.$ Repeat Part$($a$)$ but assuming that they are $$beginning$-$of$-$month payments.

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Part $1$

a$.$ The present equivalent of the payments is

$$$$161,741161,741.$

$($Round to the nearest$$dollar$.)$

b$.$ The present equivalent of the payments is

$$$enter your response here.

$($Round to the nearest$$dollar$.)$