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What is the present value of $1,100 per year, at a discount rate of 6 percent, if the first payment is received 10 years from

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What is the present value of $1,100 per year, at a discount rate of 6 percent, if the first payment is received 10 years from now and the last payment is received 25 years from now? Multiple Choice $3,941.35 $6,448.23 $6,323.53 $6,579.83 $11,216.48

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