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    Combined Present Value

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    Determine the combined present value as of December 31, 2011, of the following four payments to be received at the end of each of the designated years, assuming an annual interest rate of 8%.

    Payment Year received
    $5,000 2012
    6,000 2013
    8,000 2015
    9,000 2017

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    Solution Summary

    The expert examines combined present values.