What is the value today of $$1,000$ per year, at a discount rate of $7$ percent, if the first payment is received $7$ years from now and the last payment is received $31$ years from today?

Multiple Choice

$$ $$2,774\mathrm{.}17$

ences

$$ $$7,642\mathrm{.}50$

$$ $$7,765\mathrm{.}27$

$$ $$7,609\mathrm{.}97$

$$ $$11,753\mathrm{.}58$

Me

Me

Graw

Hil

Hill

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$4$ of $25$

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