Question: Given a 8 percent interest rate, compute the present value of payments made at the end of years 1, 2, 3, and 4 of $2,873,

Given a 8 percent interest rate, compute the present value of payments made at the end of years 1, 2, 3, and 4 of $2,873, $1,608, $1,328, and $1,557, respectively. (Do not round intermediate calculations and round your final answer to the nearest dollar.)

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