Question: please write in text not in handwriting since its hard to read from a paper pic and i need an explanation for the problem thank

please write in text not in handwriting since its hard to read from a paper pic and i need an explanation for the problem thank you

  1. What is the value today of $4,400 per year at a discount rate of 9% if the first payment is received 8 years from today and the last payment is received 25 years from today?

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