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Assume you receive $2500 each year for 7 years and that your investment pays 6% compounded annually. What is the present value of your investment

Assume you receive $2500 each year for 7 years and that your investment pays 6% compounded annually. What is the present value of your investment if you receive your payments on the last day of each year? What is the present value of your investment if you receive your payments on the first day of each year? [, circle your answer]

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