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An annuity is set up that will pay $1,100 per year for ten years. What is the present value (PV) of this annuity given that

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An annuity is set up that will pay $1,100 per year for ten years. What is the present value (PV) of this annuity given that the discount rate is 5%? O A. $8,494 OB. $11,892 OC. $5,096 OD. $10,193

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