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Consider an inheritance that pays the beneficiary an annuity of $ 250 that begins immediately (an annuity due) and then annually in year 1 through

Consider an inheritance that pays the beneficiary an annuity of $250 that begins immediately (an annuity due) and then annually in year 1 through year 17 (for a total of 18 years) with one exception - the payment in year 12, and only 12, is not $250 but $0. Using an interest rate of 9%, determine the present value of this cash flow stream.

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