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J& Co has decided to donate money to a cancer research fund every year for the next 15 years. They will make annual payments of

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J& Co has decided to donate money to a cancer research fund every year for the next 15 years. They will make annual payments of $1.5 million at the end of each year. What is the present value of their donation if the interest rate is 3% ? $27.9 million None of the given choices $17.91 million $18.87 million

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