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(Present value of an annuity) What is the present value of a(n)18-year annuity that pays $4,500 annually, given a discount rate of 9 percent? The

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(Present value of an annuity) What is the present value of a(n)18-year annuity that pays $4,500 annually, given a discount rate of 9 percent? The present value of the annuity is $ (Round to the nearest cent.)

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