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Betty is scheduled to receive annual payments of 4,800 for each of the next 7 years. The relevant discount rate is 8 per cent. What

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Betty is scheduled to receive annual payments of 4,800 for each of the next 7 years. The relevant discount rate is 8 per cent. What is the difference in the present value if Betty receives these payments at the beginning of each year rather than at the end of each year

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