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2 points The present value of a 11-year annuity is $8,000. The first annual cash flow occurs one year from today. If the discount rate

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2 points The present value of a 11-year annuity is $8,000. The first annual cash flow occurs one year from today. If the discount rate is 9.2%, what is the payment amount? Enter your answer as a positive number, and round to the nearest penny. Type your

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