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How much must be invested now to receive $49000 for 12 years if the first $49000 is received today and the rate is 8%? Periods

How much must be invested now to receive $49000 for 12 years if the first $49000 is received today and the rate is 8%? Periods Present Value of Ordinary Annuity at 8% 11 7.13896 12 7.53608 13 7.90378 $338282 $369268 $588000 $398809

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