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(Related to Checkpoint 6.2) (Present value of an ordinary annuity) What is the present value of 53,000 per year for years discounted back to the

(Related to Checkpoint 6.2) (Present value of an ordinary annuity) What is the present value of 53,000 per year for years discounted back to the present at 10 percent? The present value of $3,000 per year for 8 yean dincounted back to the present at 10 percent is $ Round to the nearest cent)

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