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What is the present value of a recurring cash flow (annuity) of $100,000 to be received each year for 5 years assuming a 6% rate

What is the present value of a recurring cash flow (annuity) of $100,000 to be received each year for 5 years assuming a 6% rate of return?

$500,000

$421,200

$373,500

$669,344

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