Billy Corgan will receive a series of payments made at the end of years 1,...

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Finance

Billy Corgan will receive a series of payments made at the end of years 1, 2, 3, and 5 of $2,989, $2,079, $2,962, and $1,904, respectively. If the relevant interest rate is 9, compute the total present value (PV) of the payments.

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