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What is the value today of $1,300 per year, at a discount rate of 10 percent, if the first payment is received 5 years from

What is the value today of $1,300 per year, at a discount rate of 10 percent, if the first payment is received 5 years from now and the last payment is received 21 years from today? $6,946.81 $7,122.48 $10,528.02 $6,980.03 $2,326.10

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