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You are going to receive $2,000 per year at the end of the next four years to help pay for college. Using a discount rate

You are going to receive $2,000 per year at the end of the next four years to help pay for college. Using a discount rate of 12%, the present value of the funds can be calculated as

A. Simple interest calculation

B. Present value of a single sum

C. Present value of an annuity

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