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What is the present value of $1,000 payments received at the beginning of each year for the next 10 years? Assume an interest rate of

What is the present value of $1,000 payments received at the beginning of each year for the next 10 years? Assume an interest rate of 5.49% compounded monthly.
answers:
1) 7069.13
2) 7093.62
3) 7492.64
4) 7912.50
5) 7955.26

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