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What is the value today of $3,600 recieved 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 recieved 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?
The answer is $11,365.29 but I cannot figure out how to get to it...I keep getting 17,883.50.
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