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Problem 5-8 Present Value of an Annuity (LG5-4) What's the present value of a $510 annuity payment over five years if interest rates are 9

Problem 5-8 Present Value of an Annuity (LG5-4)

What's the present value of a $510 annuity payment over five years if interest rates are 9 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

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