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Per royalty agreement, Mary will receive $14,500 annually at the end of each year for the next 25 years for her work on a finance

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Per royalty agreement, Mary will receive $14,500 annually at the end of each year for the next 25 years for her work on a finance book. What is the value of her royalty income today if the interest rate is 3.20%? $225,768.69 $246,954.94 $204,366.85 $362,500.00 $235,662.16

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