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What is the present value of a five-period annuity of $2,000 if the interest rate is 10% and the first payment is made today? Select

What is the present value of a five-period annuity of $2,000 if the interest rate is 10% and the first payment is made today?

Select one:

A.$1,241.84

B.$8,339.73

C.$7,581.57

D.$11,431.22

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