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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

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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 the discount rate is 7%? A. $10,945 OB. $4,691 C. $7,818 D. $9,382

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