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How much must be invested now to receive $15,000 for 14 years if the first $15,000 is received today and the rate is 9% periods.

How much must be invested now to receive $15,000 for 14 years if the first $15,000 is received today and the rate is 9%

periods. present value of ordinary annuity at 9% 14. 7.78615 13. 7.48690 16. 8.31256

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