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Beginning in 8 years, (beginning of years 8,9,10 and 11) Sally Mander will receive four annual benefit checks of $25,000 each. If Sally assumes an
Beginning in 8 years, (beginning of years 8,9,10 and 11) Sally Mander will receive four annual benefit checks of $25,000 each. If Sally assumes an interest rate of 6%, what is the present value of these checks?
Group of answer choices
$41,670
$42,680
$57,600
$59,760
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