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4. What is the present value of an annuity of $225 received at the end of each year for 10 years? Assume a discount rate

4. What is the present value of an annuity of $225 received at the end of each year for 10 years? Assume a discount rate of 9%. The first payment will be received one year from today (round to nearest $1). (2.5 points)

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