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QUESTION 4 An annuity has a cash flow of $ 1 0 4 6 per year for 8 years. What is the present value of

QUESTION

4

An annuity has a cash flow of $

1046

per year for

8

years. What is the present value of this annuity if the interest rate is

5.22 % .

NOTE: Submit your answers with

4

decimals after the dot. Do not include the

"

"

sign

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