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please help What is the present value of $1,200 per year, at a discount rate of 8 percent, if the first payment is recelved 5

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What is the present value of $1,200 per year, at a discount rate of 8 percent, if the first payment is recelved 5 years from now and the last payment is recelved 29 years from now? Multiple Choice $12,90973 $9,415.54 $9.286.74 $2.504.64 $9,227.22

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