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Given a present value factor of 0.7921, assuming a 6% discount rate, the present value of $16,000 payment received in 4 years is $3,168. $12,674.

Given a present value factor of 0.7921, assuming a 6% discount rate, the present value of $16,000 payment received in 4 years is

$3,168.

$12,674.

$20,199.

none of these answer choices are correct.

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