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What amount comes closest to the present value of an annuity of 15 consecutive annual payments of $1,000 if the annuity does not start making

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What amount comes closest to the present value of an annuity of 15 consecutive annual payments of $1,000 if the annuity does not start making payments until the end of the fifth year? Use an interest rate of 4% $6,795.16 $9504.04 $5,585.13 $5,808.53

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