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Determine the present value as of January 1, 2020 of a $1,200 payment recieved every three months for 5 years beginning on january 1, 2020

Determine the present value as of January 1, 2020 of a $1,200 payment recieved every three months for 5 years beginning on january 1, 2020 assuming a discount rate of 8%.

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