Question: Given a 6 percent interest rate, compute the present value of payments made in years 1, 2, 3, and 4 of $1,550, $1,850, $1,850, and

Given a 6 percent interest rate, compute the present value of payments made in years 1, 2, 3, and 4 of $1,550, $1,850, $1,850, and $1,950, respectively.

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