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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 5% ? A. $9,695 B. $13,573 C. $11,634 D. $5,817

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