What is the present worth of the total 20 payments, occurring at the end of every four months (i.e. the first payment is in four months), which are $400, $500, $600, increasing by a fixed sum. Interest is 12% nominal per year, compounded monthly
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What is the present worth of the total 20 payments, occurring at the end of every four months (i.e. the first payment is in four months), which are $400, $500, $600, increasing by a fixed sum. Interest is 12% nominal per year, compounded monthly