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4. What is the PV of $500 per year for 15 years with the first payment made today with a discount rate of 6%? $8,315.36

4. What is the PV of $500 per year for 15 years with the first payment made today with a discount rate of 6%?

		$8,315.36
		$7,500.00
		$5,147.49
		$4,856.12

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