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A 12-payment annuity of 10000 will begin 8 years hence (the first payment occurs at the end of 8 years) what is the present value

A 12-payment annuity of 10000 will begin 8 years hence (the first payment occurs at the end of 8 years) what is the present value of this annuity if the discount rate is 14% ?

select one:

a. 56600

b. 66500

c. 22460

d. 22640

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