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Mike Carlson will receive $26,000 a year from the end of the third year to the end of the 17th year (15 payments). The discount

Mike Carlson will receive $26,000 a year from the end of the third year to the end of the 17th year (15 payments). The discount rate is 11%. The present value today of this deferred annuity is: Use Appendix B and Appendix D to calculate the answer. Multiple Choice $164,970 $133,092 $146,286 $151,816

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