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Mike Carlson will receive $17,000 a year from the end of the third year to the end of the 17th year (15 payments). The discount
Mike Carlson will receive $17,000 a year from the end of the third year to the end of the 17th year (15 payments). The discount rate is 12%. The present value today of this deferred annuity is: Use Appendix B and Appendix D. (Round "PV Factor" to 3 decimal places.) Multiple Choice $92,282 $73,558 $102,165 $86,752
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