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Rachael expects to receive a payment of $5,000 at the end of each year for the next 15 years. What is the present value of
Rachael expects to receive a payment of $5,000 at the end of each year for the next 15 years. What is the present value of these 15 payments,assuming that the appropriate discount rate is 10% compounded annually?
$1,197$25,094$17,954$38,030$75,000$158,862
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