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Given a present value factor of 3.8897, assuming a 9% discount rate, the present value of an annuity of $31000 payment each year for 5

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Given a present value factor of 3.8897, assuming a 9% discount rate, the present value of an annuity of $31000 payment each year for 5 years is O $602905. A O $7970. O $39850. O $120581

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