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Q1 Question 3 What is the present value of the following annuity? $4,012 every year at the end of the year for the next 9

Question 3

What is the present value of the following annuity?

$4,012 every year at the end of the year for the next 9 years, discounted back to the present at 4.68 percent per year, compounded annually?

Round the answer to two decimal places.

Please show the excel solution

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