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1.Myers, Inc. will be making annual loan payments of $3,895.50 for a 10-year period starting at the end of this year. If the interest rate

1.Myers, Inc. will be making annual loan payments of $3,895.50 for a 10-year period starting at the end of this year. If the interest rate is 9 percent, what is the present value of this annuity?

A.$23,250

B.$25,000

C.$29,000

D.$30,250

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