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(b) What is the present value of $32.500 to be received at the end of each of 6 periods, discounted at 9% ? (For calculation

(b) What is the present value of $32.500 to be received at the end of each of 6 periods, discounted at 9% ? (For calculation purposes, use 5 decimal places as displayed in the factor toble provided. Round answer to 2 decimal ploces, e. . 25.25.)

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