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What is the present value of $1,200 received at the end of each year for 8 years starting in year 4 and ending in year

What is the present value of $1,200 received at the end of each year for 8 years starting in year 4 and ending in year 11 if the rate is 10%?

A: $4,242.04

B: $4,809.85

C: $3,975.08

D: $5,474.24

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