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Determine present value of investment using interest rate

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An investment will pay $16,800 at the end of each year for eight years and a one-time payment of $168,000 at the end of the eighth year. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.

Problem 1: Determine the present value of this investment using a 7% annual interest rate. (Round your answer to the nearest whole dollar.)

Reference no: EM132761818

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