Payments of P 10,000 per quarter are made from June 7 through Z through December 7, Z + 11 inclusive. If the nominal rate is of interest convertible quarterly is 6%. Be sure to express each date as some time t = k. for nonnegative integer k, set the earliest time among the given dates below as ! = 0. (a) Find the present value on September 7, Z – 1.

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