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9. What is the present value of $150 received at the end of each year for 16 years? Use a discount rate of 9% per

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9. What is the present value of $150 received at the end of each year for 16 years? Use a discount rate of 9% per annum and round your answer to the nearest $10. A) $560 B) $1,480 C) $1,250 D) $4,950 E) None of the above

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