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What is the present value of 9 equal payments of $ 2 3 , 0 0 0 to be made at the end of each

What is the present value of

9

equal payments of $

23, 000

to be made at the end of each year for the next

9

years? The annual interest rate is

10

percent.

(

FV of $

1,

PV of $

1,

FVA of $

1,

and PVA of $

1)

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