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An investor will receive an 11-year annuity of $12,000 per year. If the annual interest rate is 2.5%, what is the present value of this

An investor will receive an 11-year annuity of $12,000 per year. If the annual interest rate is 2.5%, what is the present value of this annuity? e) $124,025 b) $94,556 d) $158,762 a) $121,000 c) $114,171

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