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SIM NO mebua UV 29 2lone 3. Microsoft leases rights to Microsoft Word, Excel, Powerpoint and other software applications to New York University, Campus Administration for 14 annual payments of $8,500 at the beginning of each year. The payments will begin five years from today. If the market rate of interest is 8%, what is the present value of the payments? (50 POINTS) Sintamans olivo DSWORD