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what is the present value of a 10-year annuiy with annual payments of $500 at an 8% discount rate? a. $3,355 b. $7,243 c. $3,851

what is the present value of a 10-year annuiy with annual payments of $500 at an 8% discount rate?

a. $3,355

b. $7,243

c. $3,851

d. $5,000

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