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An annuity is set up that will pay $300 per year for 50 years. What is the present value (PV) of this annuity given that

An annuity is set up that will pay $300 per year for 50 years. What is the present value (PV) of this annuity given that the discount rate is 8%? $14,070.48 $3,670.05 $6.40 $277.78

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