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If the current effective interest rate is 83 pa what is the

You will be unable to work for the next three years due to unforeseen circumstances. However you have income protection insurance that covers you for $3,000 a month for the next three years, with the first payment in one month. If the current, effective, interest rate is 8.3% p.a., what is the present value of this stream of cash flows?

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Finance Basics: If the current effective interest rate is 83 pa what is the

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