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Question 27 (1 point) (Similar to Question 49 in the Textbook) What is the present value of an annuity that would pay $3,500 per year,

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Question 27 (1 point) (Similar to Question 49 in the Textbook) What is the present value of an annuity that would pay $3,500 per year, at a discount rate of 7.5 percent, if the first payment is 7 years from now and the last payment is received 30 years from now? $23,874 $24,908 $22,756 $27,315 $20,219

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