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Jenny buys an annuity which will pay her $12,000 a year for ten years. The payments begin immediately. What is the value of this annuity

Jenny buys an annuity which will pay her $12,000 a year for ten years. The payments begin immediately. What is the value of this annuity today at a 7% discount rate? a. $90,182.79 b. $84,282.98 c. $96,191.91 d. $116,916.21

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