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K aces A financial company that advertises on television will pay you $46,000 now for annual payments of $8,000 that you are expected to

K aces A financial company that advertises on television will pay you $46,000 now for annual payments of $8,000 that you are expected to receive for a legal settlement over the next 8 years. What is the present value of the annual payments if you estimate the time value of money at 9 percent? Numeric Response

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