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You are set to receive an annual payment of $ 1 1 . 7 0 0 per year for the next 1 3 years.Assume lnterest

You are set to receive an annual payment of $

11.700

per year for the next

13

years.Assume lnterest rate is

6.6

percent. How much more are the payments worth if they are received at the beginning of the year rather than at the end of the year?

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