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What is the present value of $1,700 per year, at a discount rate of 10 percent,...

What is the present value of $1,700 per year, at a discount rate of 10 percent, if the first payment is received 4 years from now and the last payment is received 21 years from now?

Multiple Choice

  • $2,625.04

  • $10,475.13

  • $14,042.40

  • $10,265.63

  • $10,245.41

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