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9.Given a 7 percent interest rate, compute the present value of payments made in years 1, 2, 3, and 4 of $1,200, $1,400, $1,400, and
9.Given a 7 percent interest rate, compute the present value of payments made in years 1, 2, 3, and 4 of $1,200, $1,400, $1,400, and $1,700.
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