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Please Show Work! Problem 9: Find the PV of an annuity that consists of 20 annual payments of $1,000 per year if the first payment

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Please Show Work!

Problem 9: Find the PV of an annuity that consists of 20 annual payments of $1,000 per year if the first payment is made immediately (i.e., at t=0) and the interest rate is 7%. Round your answer to the nearest cent

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