[Solved] 1/1 EXERCISE 1. Imagine an annuity which

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1/1 EXERCISE 1. Imagine an annuity which pays $1000 each year in 5 years. How much is the present value when the interest rate is

1/1 EXERCISE 1. Imagine an annuity which pays $1000 each year in 5 years. How much is the present value when the interest rate is 5%

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