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What is the approximate present value of receiving $40,000 per year for 10 years if the first receipt is 8 years from today and interest

What is the approximate present value of receiving $40,000 per year for 10 years if the first receipt is 8 years from today and interest is 8% compounded annually?

$145,000

$156,700

$169,100

$268,400

$392,800

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