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Assuming the interest rate is 5%, what is the present value of a $1,500 payment you will receive in: Do not enter dollar signs or

Assuming the interest rate is 5%, what is the present value of a $1,500 payment you will receive in:

Do not enter dollar signs or commas in the input boxes. Use the PV tables in the appendix at the end of the book. Round all answers to the nearest whole number. a) 3 years? $Answer b) 8 years? $Answer c) 13 years? $Answer

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