Question: Problem 5-21 Present Value (LG3) Given a 7 percent interest rate, compute the present value of payments made in years 1, 2, 3, and 4

Problem 5-21 Present Value (LG3)

Given a 7 percent interest rate, compute the present value of payments made in years 1, 2, 3, and 4 of $1,800, $2,000, $2,000, and $2,300. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Present value

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