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What is the present value of the following payment stream, discounted at 8% annually: $1,000 at the end of year 1 and $2,000 at the

What is the present value of the following payment stream, discounted at 8% annually: $1,000 at the end of year 1 and $2,000 at the end of year 3 ?

$2,513.59

$2,640.60

$3,000.00

$1,500.45

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