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An investor will receive an annuity of $4,000 a year for ten years. The first payment is to be received five years from today. At
An investor will receive an annuity of $4,000 a year for ten years. The first payment is to be received five years from today. At a 9% discount rate, this annuitys worth today is closest to which of the following? Show the calculation:
A. $16,684
B. $18,186
C. $25,671
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