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A 10-year annuity of $5,000 annual payments begins in 6 years. The discount rate is 10%, compounded annually. What is its value today? $30,722.84 $39,118.54

A 10-year annuity of $5,000 annual payments begins in 6 years. The discount rate is 10%, compounded annually. What is its value today?

$30,722.84
$39,118.54
$17,342.24
$54,427.38

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