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An annuity pays you GBP 500 per month for the next 18 months (with the first payment one month from now). If the 6 month
An annuity pays you GBP 500 per month for the next 18 months (with the first payment one month from now). If the 6 month interest rate is 6%, what is the present value of this stream of cash (to the nearest penny)?
Select one:
a.GBP 9,000.00
b.GBP 8,586.38
c.GBP 8,591.30
d.None of the above
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