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Joseph will receive eight equal annual end-of-year payments of $4000, beginning this year. If the market interest rate is 6%, what is the present value

Joseph will receive eight equal annual end-of-year payments of $4000, beginning this year. If the market interest rate is 6%, what is the present value of these payments today? Group of answer choices $20,849.18 $26,279.18 $22,019.18 $24,839.18

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