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Lab Assessment < Question 17, P6-15 (similar to) Points: 0 of 1 (Present value of an annuity) What is the present value of a(n)

Lab Assessment < Question 17, P6-15 (similar to) Points: 0 of 1 (Present value of an annuity) What is the present value of a(n) 16-year annuity that pays $3,500 annually, given a discount rate of 11 percent? The present value of the annuity is $ (Round to the nearest cent.)

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