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How much do you need today to be able to make 10 annual payments of $20,000 each if the first payment is in seven years

How much do you need today to be able to make 10 annual payments of $20,000 each if the first payment is in seven years and you can earn 5.50%? A. $137,487 B. $103,633 C. $186,756 D. $109,333

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