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What is the present value of $250 received at the beginning of each year for 23 years? The first payment is received today. Use a
What is the present value of $250 received at the beginning of each year for 23 years? The first payment is received today. Use a discount rate of 8%, and round your answer to the nearest $10.
Select one:
a.
$2,210
b.
$2,800
c.
$2,480
d.
$1,250
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