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13. Your friend promises you an annuity of $1 every year for 10 years. The first payment occurs at year 2, which of the following
13. Your friend promises you an annuity of $1 every year for 10 years. The first payment occurs at year 2, which of the following is right about its present value at time zero if r = 10%? $6.14 $6.76 Pengp $5.59 No enough information None of the above
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