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Assume that you have the opportunity to receive $9,000 at the end of each of the next seven years. Given an interest rate of 7%,
Assume that you have the opportunity to receive $9,000 at the end of each of the next seven years. Given an interest rate of 7%, how much would you be willing to pay for this investment today? (Use spreadsheet software or a financial calculator to calculate your answer. Do not round any intermediary calculations, and round your final answer to the nearest dollar.) $48,504 $42,899 $46,857 $53,742
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