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ust having trouble with this one problem! class=”ql-cursor”>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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ust having trouble with this one problem!

class=”ql-cursor”>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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