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Your motorcycle needs maintenance every 2 years costing $100. You want to keep it for 16 years. The interest rate is 7%. What is the

Your motorcycle needs maintenance every 2 years costing $100. You want to keep it for 16 years. The interest rate is 7%. What is the present value of the maintenance? (note: you have a maintenance cost in year 16). Round to the nearest dollar.

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