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What is the value today of $1,100 per year, at a discount rate of 8 percent, if the first payment is received 7 years from

What is the value today of $1,100 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 23 years from today?

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$6,196.54

$6,135.65

$6,323.00

$2,747.36

$10,133.80

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