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(b) What is the present value of $25,000 to be received at the end of each of 9 periods, discounted at 7%? (Round answer to

(b) What is the present value of $25,000 to be received at the end of each of 9 periods, discounted at 7%? (Round answer to 2 decimal places, eg. 25.25.1 Present value $ $ 13598.34

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