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Determine the present value of a $51,000 twenty-year growing annuity earning 6% interest compounded annually and having a 3% annuity growth rate. $157,672 $584,966 $742,638

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Determine the present value of a $51,000 twenty-year growing annuity earning 6% interest compounded annually and having a 3% annuity growth rate. $157,672 $584,966 $742,638 $769,733 None of the above is correct

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