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What is the present value of a 12-year annuity of $5,000 per year with the first payment received at the end of the 5th year

What is the present value of a 12-year annuity of $5,000 per year with the first payment received at the end of the 5th year given a 10 percent discount rate? $24.260 $25,680 $34,068 $21.155 $23,270

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