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Compute the present value of $4,000 paid in five years using the following discount rates: 10 percent in year 1, 2 percent in year 2,

Compute the present value of $4,000 paid in five years using the following discount rates: 10 percent in year 1, 2 percent in year 2, 12 percent in year 3, and 9 percent in years 4 and 5

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