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Intro You took out a student loan in college and now have to pay $ 1 , 9 0 0 every year for 1 0

Intro

You took out a student loan in college and now have to pay $

1, 900

every year for

10

years, starting one year from

now. The annual interest rate on the loan is

4 % .

Part

1

Attempt

\frac{1}{10}

for

10

pts

.

What is the present value of the

10

yearly payments?

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