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TB MC Qu. 5-89 (Algo) What is the value today of receiving... What is the value today of receiving $4,000 at the end of

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TB MC Qu. 5-89 (Algo) What is the value today of receiving... What is the value today of receiving $4,000 at the end of each year for the next three years, assuming an interest rate of 12% compounded annually? Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (FV of $1, PV of $1, FVA of $1, and PVA of $1). Multiple Choice $13,498 $7,757 $12,000 $9,607

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