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Present value of an Annuity- 6 (Present value of an annuity) What is the present value of a(n) 14 -year annuity that pays $1,000 annually,

Present value of an Annuity- 6

(Present value of an annuity) What is the present value of a(n) 14 -year annuity that pays $1,000 annually, given a discount rate of 13 percent? The present value of the annuity is $ (Round to the nearest cent.)

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