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Suppose you are going to receive $10,000 per year for 15 years with the first payment occurring in one year. If the appropriate interest rate

  1. Suppose you are going to receive $10,000 per year for 15 years with the first payment occurring in one year. If the appropriate interest rate is 8.5 percent, what is the present value of the payments

$94,056.84

$77,570.02

$61,570.74

$83,042.37

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