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What's the present value today of $1 a year received for each 4 years? Suppose the interest rate is 9%. Multiple Choice $2.53 $3.24 $3.89

What's the present value today of $1 a year received for each 4 years? Suppose the interest rate is 9%.

Multiple Choice

$2.53

$3.24

$3.89

$3.39

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