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What is the discounted value of payments of $78.00 made at the end of each year for 10 years if interest is 8% compounded annually?
What is the discounted value of payments of $78.00 made at the end of each year for 10 years if interest is 8% compounded annually? The discounted value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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