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 $1,909,
Given a 8 percent interest rate, compute the present value of payments made at the end of years 1, 2, 3, and 4 of $1,909, $1,999, $2,137, and $2,896, respectively. (Do not round intermediate calculations and round your final answer to the nearest dollar.)
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