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Your uncle has said that if you agree to finish college he will give you equal payments of $2,500 at the end of each year
Your uncle has said that if you agree to finish college he will give you equal payments of $2,500 at the end of each year for the next ten years. If the annual interest rate stays constant at 4%, what is the value of these payments in todays dollars? Round your answer to the nearest whole dollar.
$25,346
$20,277
$21,088
$17,235
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