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Determine the present value of an annuity that pays out $600 at the end of each year for 10 years if the interest rate is

Determine the present value of an annuity that pays out $600 at the end of each year for 10 years if the interest rate is 6% compounded annually. The present value of the annuity is $ (Do not round until the final answer. Then round to two decimal places as needed.)

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