Define the relevant interest rate

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Reference no: EM131476985

Question: Your uncle has just announced that he's going to give you $10,000 per year at the end of each of the next 4 years (he's less generous than your grandmother). If the relevant interest rate is 7%, what's the value today of this promise? (If you're going to use PV to do this problem note that the Type option is 0 or omitted.)

Reference no: EM131476985

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