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What is the present value of a single payment of $4800 to be received after seven years if the discounting interest rate is 8%? $4222.25

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What is the present value of a single payment of $4800 to be received after seven years if the discounting interest rate is 8%? $4222.25 a. $8226.36 b. $2800.75 C. $685.71 d. $1384.00 e

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