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A 15-payment annual annuity has its first payment in nine years.If the payment amount is $1,400 and the interest rate is 7%, what is the
A 15-payment annual annuity has its first payment in nine years.If the payment amount is $1,400 and the interest rate is 7%, what is the most you should be willing to pay today for this investment?
$12,751.08
$5,825.11
$7,421.24
$6,935.74
$6,416.67
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