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You will receive 23 annual payments of $20,500. The first payment will be received 5 years from today and the interest rate is 4.9 percent.

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You will receive 23 annual payments of $20,500. The first payment will be received 5 years from today and the interest rate is 4.9 percent. What is the value of the payments today? Multiple Choice $230,526.90 $217,719.85 $238,211.13 $308,758.88 $219,758.73

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