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A financial contract pays 104 monthly payments of $296, starting on 11/1/2025. If your discount rate is 7%, what is the value of your contract

A financial contract pays 104 monthly payments of $296, starting on 11/1/2025. If your discount rate is 7%, what is the value of your contract on 5/1/2025? $30,784 $23,031 $25,334 $31,080 $22.371

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