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If $12,000 is invested in a certain business at the start of the year, the investor will receive $3,600 at the end of each of

If $12,000 is invested in a certain business at the start of the year, the investor will receive $3,600 at the end of each of the next four years. What is the present value of this business opportunity if the interest rate is 6% per year?

$474.38

$759.01

$569.26

$237.19

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