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What is the present value of $5,000 per year, at a discount rate of 9 percent, if the first payment is received 5 years from

What is the present value of $5,000 per year, at a discount rate of 9 percent, if the first payment is received 5 years from now and the last payment is received 20 years from now? $40,303 $26,194 $28,552 $27,013 $29,444

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