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Katie is planning to receive an annuity of $10,479 per year for the next 25 years as part of her retirement plan. The interest rate

Katie is planning to receive an annuity of $10,479 per year for the next 25 years as part of her retirement plan. The interest rate is 0.15 per annum compounded annually. Calculate the present value (PV) of this annuity $67,737.82 $79,260.38 $8,356.82 $646.41 $2,078,335.00

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