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Facts PV: Payment: $27,600 Annual Interest Rate: 596 Deferral period 7 year(s) Payment period 9 year(s) Compounded: Annually Table Method STEP 1: PV = PMT

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Facts PV: Payment: $27,600 Annual Interest Rate: 596 Deferral period 7 year(s) Payment period 9 year(s) Compounded: Annually Table Method STEP 1: PV = PMT x X Factor X = STEP 2: PV FV X Factor X Jsing provided data, solve for present value. Round answers to the nearest whole dollar. Be sure to use this rounded answer in any applicable calculations that follow

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