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What is the value today of $1,600 per year, at a discount rate of 10 percent, if the first payment is received 7 years from

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What is the value today of $1,600 per year, at a discount rate of 10 percent, if the first payment is received 7 years from now and the last payment is received 30 years from today? Multiple Choice $3,250.82 O $7,952.35 $8,022.95 O $8,114.65 $14,475.59

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