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Rachael Aunt Karroll told her that she would give Racheal $1000 at the end of each year for the next three years to help with
Rachael Aunt Karroll told her that she would give Racheal $1000 at the end of each year for the next three years to help with her college expenses? Assuming an annual interest rate of 2 percent, what is the present value of that stream of payments?
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