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Beginning in 7 years, (end of years 7, 8 and 9) Sally Mander will receive three annual benefit checks of $13,000 each. If Sally assumes an interest
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Just having trouble with this one problem! <br/><br/><br/>Beginning

in 7 years, (end of years 7, 8 and 9) Sally Mander will receive three annual benefit checks of $13,000 each. If Sally assumes an interest rate of 8%, what is the present value of these checks?

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Beginning in 7 years, (end of years 7, 8 and 9) Sally Mander will receive three annual benefit checks of $13,000 each. If Sally
assumes an interest rate of 8%, what is the present value of these checks? A $25,260
A $23,235
A $22,172 A $21,099

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Subject: Business, Finance

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