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At an 8% effective annual interest rate, a payment of $2,000 is made at the end of 4 years and a payment of $3,000 is

At an 8% effective annual interest rate, a payment of $2,000 is made at the end of 4 years and a payment of $3,000 is made at the end of 8 years. What is the value of the two payments at the beginning of Year 1

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