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Beginning in 7 years, (beginning of years 7, 8 and 9) Sally Mander will receive three annual benefit checks of $25,000 each. If Sally assumes

Beginning in 7 years, (beginning of years 7, 8 and 9) Sally Mander will receive three annual benefit checks of $25,000 each. If Sally assumes an interest rate of 5%, what is the present value of these checks?

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