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You need cash of $5,000 to be received each year for 4 years beginning one year from now to attend college. Your discount rate is
You need cash of $5,000 to be received each year for 4 years beginning one year from now to attend college. Your discount rate is 7% compounded annually. Indicate the inputs to be entered into the financial calculator keys. What is the present value of the amounts to be received? (Round present value answer to two decimal places (e.g., 52.75).)
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