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M9-10 (Algo) Computing the Present Value of an Annuity LO9-7 What is the present value of 9 equal payments of $24,500 to be made at

M9-10 (Algo) Computing the Present Value of an Annuity LO9-7 What is the present value of 9 equal payments of $24,500 to be made at the end of each year for the next 9 years? The annual interest rate is 10 percent. (FV of $1, PV of $1, FVA of $1, and PVA of $1) Note: Use appropriate factor(s) from the tables provided. Round your answer to the nearest whole dollar

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