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Present value of an annuity: Dynamics Teleconference Pty Ltd has made an investment in another company that will guarantee it a cash flow of $29,437

Present value of an annuity: Dynamics Teleconference Pty Ltd has made an investment in another company that will guarantee it a cash flow of $29,437 each year for the next five years. If the company uses a discount rate of 13 percent on its investments, the present value of this investment is $

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