Question: Given a 7 percent interest rate, compute the present value of deposits made in years 1, 2, 3, and 4 of $1,000, $1,200, $1,500, and

Given a 7 percent interest rate, compute the present value of

Given a 7 percent interest rate, compute the present value of deposits made in years 1, 2, 3, and 4 of $1,000, $1,200, $1,500, and $1,500. Multiple Choice $4,351.50 $5,207.00 $4,859.81 $3,967.06

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