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What is the value today of $ 1 , 6 0 0 per year, at a discount rate of 6 percent, if the first payment

What is the value today of $1,600 per year, at a discount rate of 6 percent, if the first payment is received 6 years from now and the last payment is received 22 years from today?
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$16,863.62
$4,482.34
$12,526.75
$12,082.74
$12,276.21

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