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Given a present value factor of3.6959, assuming a11% discount rate, the present value of an annuity of $38000payment each year for5years is $51410. $140444. $10282.

Given a present value factor of3.6959, assuming a11% discount rate, the present value of an annuity of $38000payment each year for5years is

$51410.

$140444.

$10282.

$702220.

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