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An annuity is set up that will pay $1,500 per year for eight years. What is the present value (PV) of this annuity given that

An annuity is set up that will pay $1,500 per year for eight years. What is the present value (PV) of this annuity given that the discount rate is 9%? on a O A $4,981 OB. $11.623 C. $8,302 D. $9,962

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