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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 5 years from

What is the value today of $1,600 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 20 years from today? Multiple Choice $8,549.92 $2,862.89 $8,378.92 $12,617.93 $8.312.09

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