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What is the present value of $12,000 paid each year for 7 years with the first payment coming at the end of year 5, discounting
What is the present value of $12,000 paid each year for 7 years with the first payment coming at the end of year 5, discounting at 8%?
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$40,184.78
$62,476.44
$45,922.05
$31,328.82
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