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You are expected to receive $3,500 for the next five years with the first payment expected at the end of the year. What is the
You are expected to receive $3,500 for the next five years with the first payment expected at the end of the year. What is the present value of these payments if the interest rate is 12%?
$15642.26
$10,246.50
$14,389.93
$12,616.72
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