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Assuming an interest rate of6%, the present value of$18,000 received at the end of each year for 6 years would be closest to (The present
Assuming an interest rate of6%, the present value of$18,000 received at the end of each year for 6 years would be closest to
(The present value for annuity in this scenario is4.917.)
A.$125,550.
B. $11,970.
C.$88,506.
D.$108,000.
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