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What is the present value of a $1,000 annuity payment over four years if interest rates are 7 percent? (Round your answer to two decimal

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What is the present value of a $1,000 annuity payment over four years if interest rates are 7 percent? (Round your answer to two decimal places.) You wish to buy a $10,000 dining room set. The furniture store offers you a three- year loan with an 11 percent APR. What are the monthly payments? (Round your answer to two decimal places.)

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