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(Present Value of an Annuity) What is the present value of the following annuities? a. $3,000 a year for 10 years discounted back to the

(Present Value of an Annuity) What is the present value of the following annuities? a. $3,000 a year for 10 years discounted back to the present at 8% b. $50 a year for 3 years discounted back to the present at 3%

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