Question: Problem 5-21 Present Value (LG5-3) 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 (LG5-3) Given a 7 percent interest rate,

Problem 5-21 Present Value (LG5-3) Given a 7 percent interest rate, compute the present value of payments made in years 1, 2, 3, and 4 of $1,200, $1,400, $1,400, and $1,700, respectively. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value

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