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E9-15 Computing a Present Value LO9-7 An investment will pay $16,000 at the end of each year for eight years and a one-time payment of
E9-15 Computing a Present Value LO9-7 An investment will pay $16,000 at the end of each year for eight years and a one-time payment of $160,000 at the end of the eighth year. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) Determine the present value of this investment using an 8% annual interest rate. (Round your answer to nearest whole dollar.)
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