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What is the present value (PV) today of a series of 56 equal annual payments of $550 if the first payment occurs immediately. Assume an
What is the present value (PV) today of a series of 56 equal annual payments of $550 if the first payment occurs immediately. Assume an annual discount rate of 10%. Round your answer to the nearest dollar. Thus, if you believe the PV is $2,348.55 write your answer as 2349 (Acceptable error = $50)
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