What is the present value

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Using the APY of 4% as the discount rate, what is the present value of 28 annual payments of $3000 if the first payment begins 5 years from today? Please show work.

Reference no: EM131829421

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What is the present value : Using the APY of 4% as the discount rate, what is the present value of 28 annual payments of $3000 if the first payment begins 5 years from today?
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