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If the current rate of interest is 7%, then the present value (PV) of an investment that pays $1,400 per year and lasts 22 years

If the current rate of interest is 7%, then the present value (PV) of an investment that pays $1,400 per year and lasts 22 years is closest to: A. $21,680 B. $18,583 C. $9.292 D. $15,486

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