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5. The present value of an annuity of $5,000 to be received at the end of each of the 6 years at a discount rate

5. The present value of an annuity of $5,000 to be received at the end of each of the 6 years at a discount rate of 4% would be: A) $26,210 B) $33,165 C) $3,950 D) none of the above

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