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Trish receives $450 on the first of each month. Josh receives $450 on the last day of each month. Both Trish and Josh will receive payments for next four years. At a discount rate of 9.5 percent, what is the difference in the present value of these two sets of payments?
A.$141.80
B.$151.06
C.$154.30
D.$159.08
E.$162.50
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Trish receives $450 on the first of each month. Josh receives $450 on the last day of each month. Bo...
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