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Suppose you are going to receive $23,000 per year for 8 years. The appropriate interest rate is 7 percent What is the present value of

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Suppose you are going to receive $23,000 per year for 8 years. The appropriate interest rate is 7 percent What is the present value of the payments if they are in the form of an ordinary a. annuity? $146,953.66 b. What is the present value if the payments are an annuity due

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