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Problem 5-8 Present Value of an Annuity (LG5-4) What's the present value of a $700 annuity payment over six years if interest rates are 10

Problem 5-8 Present Value of an Annuity (LG5-4) What's the present value of a $700 annuity payment over six years if interest rates are 10 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

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