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Given a 5 percent interest rate, compute the present value of payments made in years 1,2,3, and 4 of $1,250,$1,450,$1,450, and $1,750, respectively. Note: Do

Given a 5 percent interest rate, compute the present value of payments made in years 1,2,3, and 4 of $1,250,$1,450,$1,450, and $1,750, respectively. Note: Do not round intermediate calculations and round your final answer to 2 decimal places

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