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What is the value today of receiving $7,000 at the end of each year for the next 4 years, assuming an interest rate of 9%
What is the value today of receiving $7,000 at the end of each year for the next 4 years, assuming an interest rate of 9% compounded annually? Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (FV of $1, PV of $1, FVA of $1, and P P of $1 ) Multiple Choice $52,047 $21,752 $22,678 $32,012 Step by Step Solution
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Authors: Suryadipta Majumdar, Taous Madi, Yushun Wang, Azadeh Tabiban, Momen Oqaily, Amir Alimohammadifar, Yosr Jarraya, Makan Pourzandi, Lingyu Wang, Mourad Debbabi
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