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Over the next 10 years, you are scheduled to receive $500 at the end of each year with one exception. The 7th payment will not

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Over the next 10 years, you are scheduled to receive $500 at the end of each year with one exception. The 7th payment will not be transferred to you. What amount comes closest to the present value of the 9 cash flows described above? Assume an interest rate of 4%. $379.96 $4055.45 $3690.10 $3660.29 $3675.49

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