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What is the present value of 30 consecutive annual payments of $120, made at the end of each year, when the discount rate is 9%?

What is the present value of 30 consecutive annual payments of $120, made at the end of each year, when the discount rate is 9%?

$ 1,182.07

$ 1,225.50

$ 1,027.37

$ 1,232.84

$ 1,235.89

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