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You found out that now you are going to receive payments of $8,000 for the next 15 years. You will receive these payments at the
You found out that now you are going to receive payments of $8,000 for the next 15 years. You will receive these payments at the beginning of each year. The annual interest rate will remain constant at 13%. What is the present value of these payments? Round your answer to the nearest whole dollar. $58,420 $46,736 $78,867 $51,699
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