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12. What is the value today of $2,000 per year, at a discount rate of 12 percent, if the first payment is received 5 years

12.

What is the value today of $2,000 per year, at a discount rate of 12 percent, if the first payment is received 5 years from now and the last payment is received 26 years from today? Multiple Choice $3,077.63 $9,716.62 $15,389.29 $9,611.58 $9,522.29

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