What is the present worth of these future payments? (a) $15,500 eight years from now at 14%
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(a) $15,500 eight years from now at 14% compounded annually
(b) $18,000 twelve years from now at 4% compounded annually
(c) $20,000 nine years from now at 8% compounded annually
(d) $55,000 four years from now at 11 % compounded annually
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