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What is the present value of $1.400 per year, at a discount rate of 8 percent, if the first payment is received 8 years from

What is the present value of $1.400 per year, at a discount rate of 8 percent, if the first payment is received 8 years from now and the last payment is received 26 years from now? Multiple Choice $3,646.27 $13,545.04 $7.845.05 $7,65577 $7,68815

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