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An annuity is set up that will pay $1,200 per year for nine years. What is the present value (PV) of this annuity given that
An annuity is set up that will pay $1,200 per year for nine years. What is the present value (PV) of this annuity given that the discount rate is 4%?
A. $10,706
B. $8,922
C. $12,491
D. $5,353
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The Compensation Committee Handbook
Authors: James F. Reda, Stewart Reifler, Michael L. Stevens
4th Edition
1118370619, 978-1118370612
