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An annuity pays $12.00 per year for 99 years. What is the present value (PV) of this annuity given that the discount rate is 5%?

An annuity pays $12.00 per year for 99 years. What is the present value (PV) of this annuity given that the discount rate is 5%? O A. $285.70 B. $333.31 C. $142.85 D. $238.08

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