You found out that now you are going to receive payments of $7,000 for the next 14 years. You will receive these payments at the beginning of each year. The annual interest rate will remain constant at 14%.
What is the present value of these payments? (Note: Round your answer to the nearest whole dollar.)
$64,661
$38,318
$47,897
$42,015

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step-by-step explanation:

0.0076, if you meant 4.125 divided by 0.03125 it would be 132

step-by-step explanation:

first you have to move the decimal in 0.03125 over until its behind the 5 which is 5 places over. now the number is 3125

then you have to move the decimal in 4.125, 5 places over. now the number is 4,112,500.

now you divide like you would normally would and get 0.0076

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