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What is the present value of $1,000 to be received each year for 15 years assuming a discount rate of 8%? $7,733 $15,000 $8,559 $926

What is the present value of $1,000 to be received each year for 15 years assuming a discount rate of 8%?

$7,733

$15,000

$8,559

$926

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