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I need the correct answer to this question, many have gotten different answers.: 3 . Bob will receive a payment of $ 5 , 0

I need the correct answer to this question, many have gotten different answers.:

3 .

Bob will receive a payment of $

5, 000

per year for

7

years beginning three years from today. At a

discount rate of

9

percent, what is the present value of this deferred annuity?

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