What is the present value per year

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What is the present value of $3,225 per year, at a discount rate of 7 percent, if the first payment is received 8 years from now and the last payment is received 21 years from now?

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Reference no: EM131313058

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What is the present value per year : What is the present value of $3,225 per year, at a discount rate of 7 percent, if the first payment is received 8 years from now and the last payment is received 21 years from now?
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