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An annuity is set up that will pay $1,600 per year for eight years. What is the present value PV) of this annuity given that

An annuity is set up that will pay $1,600 per year for eight years. What is the present value PV) of this annuity given that the discount rate is 4%? O A. . . OD. $6,463 $10,772 $12.926 $15.081

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