The present value of this series of receipts is closest

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You receive $700 at the end of year 1, $800 at the end of year 2, $900 at the end of year 3 and so on for 20 years so you receive $2,600 at the end of year 20). The Present Value of this series of receipts is closest to what number below? Assume i = 10% annual rate compounded annually.

Reference no: EM13889526

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