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The present value of a $400 annuity payment each year over 5 years is if the annual interest rate is 6%. A) $1,516.31 B) $1,996.36

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The present value of a $400 annuity payment each year over 5 years is if the annual interest rate is 6%. A) $1,516.31 B) $1,996.36 C) $1,684.95 D) $1,849.15

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