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Payments of $1000 are made at the end of every year for five years. The nominal interest rate is 6% compounded annually. What is the

Payments of $1000 are made at the end of every year for five years. The nominal interest rate is 6% compounded annually. What is the value of the annuity today? Select one: a. 4,612.36 b. 4,312.36 C. 4,512.36 O d. 4.212.36 e. 4.712.36

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