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If the interest rate is 15%, what is the present value of a security that pays you $1,100 next year, $1,230 the year after, and
If the interest rate is 15%, what is the present value of a security that pays you $1,100 next year, $1,230 the year after, and $1,330 the year after that? Present value is $ (Round your response to the nearest penny.)
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