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 the next four years. At an interest rate of 9.5 percent compounded monthly, what is the difference in the present value of these two sets of payments
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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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