What is the present value of this series of payments received in the future? $200 at...

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What is the present value of this series of payments received in the future? $200 at end of year 1 $300 at end of year 2 $400 at end of year 3 Assume the applicable interest rate is 12% the first year and 4% in each of the next two years. Hint: the first payment would be subject to a discount factor of 12% for the first year and 4% for each subsequent year. Write your answer to the nearest dollar (XXX). What is the present value of this series of payments received in the future? $200 at end of year 1 $300 at end of year 2 $400 at end of year 3 Assume the applicable interest rate is 12% the first year and 4% in each of the next two years. Hint: the first payment would be subject to a discount factor of 12% for the first year and 4% for each subsequent year. Write your answer to the nearest dollar (XXX).

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