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What is the value of the payments in today dollars

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Reference no: EM132907688

Problem 1: Your uncle has said that if you agree to finish college he will give you equal payments of $1,500 at the end of each year for the next seven years. If the annual interest rate stays constant at 9%, what is the value of these payments in today's dollars? Round your answer to the nearest whole dollar.

Reference no: EM132907688

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