3.If the current rate of interest is 8%, then the present value (PV) of an investment that pays $1200 per year and las

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3.If the current rate of interest is 8%, then the present value (PV) of an investment that pays $1200 per year and las

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3.If the current rate of interest is 8%, then the present value (PV) of an investment that pays

$1200 per year and lasts 24 years is? (2 marks)
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