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An annuity makes payments of 2400 at the beginning of every 6 years over 54 years at an effective annual interest rate of 4 %

An annuity makes payments of 2400 at the beginning of every 6 years over 54 years at an effective annual interest rate of 4 % . Find the present value of this annuity.

Possible Answers

8125

8711

9807

10,069

11,325

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