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Saved What is the value today of $1,500 per year, at a discount rate of 7 percent. If the first payment is received 9 years

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Saved What is the value today of $1,500 per year, at a discount rate of 7 percent. If the first payment is received 9 years from now and the last payment is received 27 years from today? Multiple Choice $8,781.72 $15,603.39 $4,553.26 $9,023.12

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