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You are due to receive a lump - sum payment of $ 2 , 3 5 0 in seven years. Assuming a discount rate of

You are due to receive a lump-sum payment of $2,350 in seven years. Assuming a discount rate of 3.35 percent interest, what would be the value of the payment in Year 4?
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$2,292.68
$2,236.76
$2,128.81
$1,976.97

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