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What is the value today of $1,300 per year, at a discount rate of 6 percent, if the first payment is received 4 years from

What is the value today of $1,300 per year, at a discount rate of 6 percent, if the first payment is received 4 years from now and the last payment is recelved 20 years from today? Multiple Choice $13720.44 $11,207.26 $11,435.98 $11,030.64 $2.596.66

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