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You won a lottery that will make equal payments of $1,000 at the end of each year for the next seven years. If the annual
You won a lottery that will make equal payments of $1,000 at the end of each year for the next seven years. If the annual interest rate stays constant at 7%, what is the value of these payments in todays dollars? Round your answer to the nearest whole dollar.
$5,766
$4,581
$6,736
$5,389
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