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Assuming an interest rate of 8%, the present value of $14,000 received at the end of each year for 9 years would be closest to:

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Assuming an interest rate of 8%, the present value of $14,000 received at the end of each year for 9 years would be closest to: (Click the icon to view the present value of $1 table.) (Click the icon to view the present value of annuity of $1 table.) O A. $126,000. O B. $7,000. OC, $77,490. O D. $87 458. 400 400 70 1 0 0 0 0 0 0 1 0 0 0 0 0 0 374 162 1 0 0 0 0 0 0 -56-78-9-10 ta Data Table Present Value of Annuity of $1 8% 3.993 4.623 5.206 5.747 6.247 6.7101455.6505.216 12% 3.605 Periods 10% 3.791 4.355 4.868 5.335 5.759 14% 3.433 5.328 4.946 Print Done

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