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The value today of a 12 year annuity with payments occurring at the end of each year is $36,000. What would be the value today

The value today of a 12 year annuity with payments occurring at the end of each year is $36,000. What would be the value today of this annuity, if the first payment were to occur at the end of year 3? Assume the interest rate is 8% each year.

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