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Karen deposits $8,000 in a bank account at the end of year one (t =1). She...

Karen deposits $8,000 in a bank account at the end of year one (t =1). She makes another deposit of $14,000 into the account at the end of year two (t=2) and she makes a third deposit of $10,000 at the end of year three (t=3). If the bank pays interest at 8 percent compounded annually, how much is the total present value of these amounts?


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