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For the next 30 years, you will receive annual payments of $10,000/year. The difference in the present value terms if you receive these payments at
For the next 30 years, you will receive annual payments of $10,000/year. The difference in the present value terms if you receive these payments at the beginning of each year rather than at the end of each year is closest to what value? Assume the discount rate is 6% APR
8150
8300
7850
8000
8450
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