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Given a 7 percent interest rate, compute the present value of payments made in years 1, 2, 3, and 4 of exist1, 350, exist1, 550,

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Given a 7 percent interest rate, compute the present value of payments made in years 1, 2, 3, and 4 of exist1, 350, exist1, 550, exist1, 550, and exist1, 850, respectively. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value

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