Question: Given an 8 percent interest rate, compute the present value of payments made in years 0, 1, 2, 3, and 4 of $1,500, $1,600, $1,200,

Given an 8 percent interest rate, compute the present value of payments made in years 0, 1, 2, 3, and 4 of $1,500, $1,600, $1,200, and $1,600, respectively. Compute using NPV.

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