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a company enters into an agreement to make 5 annual year-end payments of 3000$ each, starting one year from now.The annual interest rate is 6%.

a company enters into an agreement to make 5 annual year-end payments of 3000$ each, starting one year from now.The annual interest rate is 6%. The present value of an annuity factor for 5 periods, 6% is 4.2124. what is the present value of these five payments

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