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What is the present value of a 6-year ordinary annuity of $3,000 per year plus an additional $1,250 at the end of Year 6 if

What is the present value of a 6-year ordinary annuity of $3,000 per year plus an additional $1,250 at the end of Year 6 if the interest rate is 4%?

a. $15,726.41

b. $16,355.47

c. $16,714.30

d. $17,058.88

e. $17,156.34

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