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Using an interest rate of 3 % per year ( APY - - no interest rate conversion needed ) , what is the present value
Using an interest rate of per year APYno interest rate conversion needed what is the present value of annual payments of $ if the first payment begins years from today? Remember this is a twostep problem and the first step requires you to remember exactly where the PV is given relative to an annuity's first payment. Choose the closest answer.
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