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Assume you are to receive a 4-year annuity with annual payments of ( 1,000 ). The first payment will be received at the end of

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Assume you are to receive a 4-year annuity with annual payments of \\( 1,000 \\). The first payment will be received at the end of Year 1 , and the last payment will be received at the end of Year 4. You will invest each payment in an account that pays \9 compounded annually. Although the annuity payments stop at the end of year 4 , you will not withdraw any money from the account until 9 years from today, and the account will continue to earn \9 for the entire 9 -year period. What will be the value in your account at the end of Year 9 (rounded to the nearest pound)? a. \\( 7,036 \\) b. \\( 7,670 \\) c. \\( 14,193 \\) d. None of the above

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