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Question 20 What is the present value of $1.500 per year, at a discount rate of 12% if the first payment is received 3 years

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Question 20 What is the present value of $1.500 per year, at a discount rate of 12% if the first payment is received 3 years from now and the last payment is received 25 years from now? 0 $4,401.47 $6,200.00 o $9.229.63 $10.378.43 O $11.577.65 Question 21

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