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2) What is the present value of an annuity of $27 received at the beginning of each year for the next six years? The first

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2) What is the present value of an annuity of $27 received at the beginning of each year for the next six years? The first payment will be received today, and the discount rate is 10% (round to nearest $10). A) $110 B) $120 C) $100 D) $130 3) The present value of a single future sum A) depends upon the number of discount periods. B) increases as the discount rate increases. C) is generally larger than the future sum. D) increases as the number of discount periods increases

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