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What is the present value of $1,000 per year, at a discount rate of 7 percent, if the first payment is received 4 years from
What is the present value of $1,000 per year, at a discount rate of 7 percent, if the first payment is received 4 years from now and the last payment is received 26 years from now? |
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$11,372.19
$1,871.10
$9,201.46
$9,029.27
$9,017.43
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