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QUESTION
What is the present value of 7 receipts of $2,950 each received at the beginning of each period, discounted at 9% compounded interest?
What is the present value of 7 receipts of $2,950 each received at the beginning of each period, discounted at 9% compounded interest? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
What is the present value? Please show work.
