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Determine the present value of an annuity due of $ 1 comma 0 0 0 per year for 2 5 years discounted back to the

Determine the present value of an annuity due of $ 1 comma 000 per year for 25 years discounted back to the present at an annual rate of 12 percent. What would be the present value of this annuity due if it were discounted at an annual rate of 17percent?

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