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1.An investment officer offers you a structured annuity promising a payment of 10,000 a year for 5 years.However, the payments don't start until the third

1.An investment officer offers you a structured annuity promising a payment of 10,000 a year for 5 years.However, the payments don't start until the third year.If the appropriate discount rate is 6%, how much is the annuity worth to you today?

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