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Mike Carison will receive $10,000 a year from the end of the third year to the end of the 12th year (10 payments). The discount

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Mike Carison will receive $10,000 a year from the end of the third year to the end of the 12th year (10 payments). The discount rate is 10%. The present value today of this deferred annuity is: Multiple Choice $50,782 $55,860 $61,446 $46,165

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