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4. What's the present value of $19,000 received after 19 years if the appropriate interest rate is 19%, compounded annually? * a) $1,888 b) $697

4. What's the present value of $19,000 received after 19 years if the appropriate interest rate is 19%, compounded annually? * a) $1,888 b) $697 c) $3,888 d) $852 e) None of the above

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