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Multiple Choice: An initial investment produces returns of $8,000 each year at the end of years 5 through 16. Based on a 4% annual compound

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Multiple Choice: An initial investment produces returns of $8,000 each year at the end of years 5 through 16. Based on a 4% annual compound interest rate, determine the present value for this deferred annuity. $64,179 O $56,108 ( $61.709 $75,081 Previous Page Next Page Page 18 of 19

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