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An investment promises to return $800 annually with the first $800 to be received at the end of year 5 and the last $800 to

An investment promises to return $800 annually with the first $800 to be received at the end of year 5 and the last $800 to be received at the end of year 20. What is the present value of this investment at a 5 percent rate of return?

A. $6,831.50

B. $6,506.19

C. $7,133.01

D. $6,793.34

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