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Beginning immediately, you receive $17,000 per year for 14 years. The interest rate is 8.4% compounded annually. Calculate the present value. Round the final answer
Beginning immediately, you receive $17,000 per year for 14 years. The interest rate is 8.4% compounded annually. Calculate the present value. Round the final answer to the nearest whole number.
Multiple Choice
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$57,255
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$52,755
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$62,775
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$55,275
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