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What is the value today of $1,500 per year, at a discount rate of 9 percent, if the first payment is received 9 years from

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What is the value today of $1,500 per year, at a discount rate of 9 percent, if the first payment is received 9 years from now and the last payment is received 33 years from today? Multiple Choice $3,506.95 $7,30713 $7,394.43 $14,833.87 $7,246.54

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