Question: Problem 4-14 Present Value with Different Discount Rates (LG4-4) Compute the present value of $4,800 paid in two years using the following discount rates: 8

Problem 4-14 Present Value with Different Discount Rates (LG4-4)

Compute the present value of $4,800 paid in two years using the following discount rates: 8 percent in the first year, and 7 percent in the second year. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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