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Computing the Value of Deferred Annuity What is the present value of 6 years of annual cash receipts of $40,800 at the end of each

Computing the Value of Deferred Annuity

What is the present value of 6 years of annual cash receipts of $40,800 at the end of each year that begins two years from today, assuming a 4% interest rate?

Please show work and formula(s)!

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