Question: Given a 7 percent interest rate, compute the present value of payments made in years 1, 2, 3, and 4 of $1.450, $1750, $1,750, and

Given a 7 percent interest rate, compute the present value of payments made in years 1, 2, 3, and 4 of $1.450, $1750, $1,750, and $1,850, respectively. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value $ 8,043.21

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