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An investor is to receive an ANNUITY DUE of $5,000 a year for 6 years. If the interest rate 4%, what is the Present Value

An investor is to receive an ANNUITY DUE of $5,000 a year for 6 years. If the interest rate 4%, what is the Present Value of this Annuity Due?

a. $26,210

b. $27,259

c. $33,165

d. $45,990

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