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What is the present value of $ 7 , 0 0 0 per year, at a discount rate of 2 . 5 percent, if the

What is the present value of $7,000 per year, at a discount rate of 2.5 percent, if the first payment is received 4 years from now and the last payment is received 14 years from now?
$62,375
$58,732
$69,860
$59,880
$64,671
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