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Assume Jimmy will receive $4,600 each year beginning one year from now for next 33 years (beginning next year). If the interest that applies is

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Assume Jimmy will receive $4,600 each year beginning one year from now for next 33 years (beginning next year). If the interest that applies is 7.3% and it compounds annually, what is the present value of the total amount of money Jimmy will receive? Be reminded of the fact the results shown through a financial calculator is based on the assumption that the first payment will be made one year from now. $56,852.80 $57,316.25 $58,125.24 $56.245.67

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