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What is the present value of $2,150 per year, at a discount rate of 9 percent, if the first payment is received 6 years from
What is the present value of $2,150 per year, at a discount rate of 9 percent, if the first payment is received 6 years from now and the last payment is received 20 years from now?(Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations.Round your answer to 2 decimal places (e.g., 32.16).) |
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