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What is the value today of $3,600 received at the end of each year for eight years if the first payment is paid at the
What is the value today of $3,600 received at the end of each year for eight years if the first payment is paid at the end of Year 4 and the discount rate is 12 percent?
$11,694.21
$12,484.57
$12,729.12
$15,089.23
$14,429.52
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