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What is the present value of a five year annuity of $3,000 if the interest rate is 12% and the first payment is made today?

What is the present value of a five year annuity of $3,000 if the interest rate is 12% and the first payment is made today? $9,655.65 $10,814.33 $12,112.05 $13,200.00

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