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Computing the Value of Deferred Annuity What is the present value of 5 years of annual cash receipts of $9,600 at the end of each

Computing the Value of Deferred Annuity

What is the present value of 5 years of annual cash receipts of $9,600 at the end of each year that begins two years from today, assuming a 6% interest rate?

Round answer to the nearest whole dollar.

Do not use a negative sign with your answer.

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