Compute present value of payments

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Reference no: EM131879569

Given a 6 percent interest rate, compute the present value of payments made in years 1, 2, 3, and 4 of $1,600, $1,800, $1,800, and $2,100. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Reference no: EM131879569

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