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Present value of an annuity: Suppose that the networking company in problem 6.27 will not start paying you until the first of new systems that

Present value of an annuity: Suppose that the networking company in problem 6.27 will not start paying you until the first of new systems that uses your software is sold in two years. What is the present value of that annuity? Assume that the appropriate interest rate is still 6 percent.

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