[Solved] What is the present value of a $1,000 ann

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What is the present value of a $1,000 annuity received each year for five years assuming 6% interest? $4,000 $4,240 $4,212 $3,735

What is the present value of a $1,000 annuity received each year for five years assuming 6% interest?

$4,000

$4,240

$4,212

$3,735

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