What is the present value

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Reference no: EM131020271

What is the present value of $1,825 per year, at a discount rate of 9 percent, if the first payment is received 8 years from now and the last payment is received 24 years from now? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Reference no: EM131020271

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