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What is the value today of $1,000 per year, at a discount rate of 8 percent, if the first payment is received 7 years from

What is the value today of $1,000 per year, at a discount rate of 8 percent, if the first payment is received 7 years from now and the last payment is received 26 years from today? Multiple Choice $2,497.60 $6,051.90 $9,918.15 $6,187.10 $6,063.36

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