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An annuity has an interest rate of 7% and makes a quarterly payment of $2000. The annuity is to last for 5 years. What is

An annuity has an interest rate of 7% and makes a quarterly payment of $2000. The annuity is to last for 5 years. What is the present value of the annuity.

$33,505.76

$2,118.80

$8,200.40

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