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29-01-2024
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What is the value today of $1,600 per year, at a discount rate of 11 percent, if the first payment is received 8 years from now and the last payment is received 30 years from today? Multiple Choice
a $6,370.55
b $6,243.14
c $13,326.29
d $6,300.66
e $2,947.38

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