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Please show formulas Compute the present value of $4,800 paid in two years using the following discount rates: 8 percent in the first year and

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Compute the present value of $4,800 paid in two years using the following discount rates: 8 percent in the first year and 7 percent in the second year. (Do not round intermediate calculations and round your answer to 2 decimal places.) Complete the following analysis. Do not hard code values in your Icalculations

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