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At the end of each year for ten years you deposit $750 in an account that earns an annual rate of return of 12%- What is the present value of these deposits?

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The time value of money is the widely accepted idea that there is greater benefit to receiving a sum of money now rather than an identical sum later.


At the end of each year for ten years you deposit $750 in an account that earns an annual rate of return of 12%- What is the present value of these deposits?






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