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What is the present value of a series of annuity payments of $7,000 each for 10 years made annually with an annual discount rate of

What is the present value of a series of annuity payments of $7,000 each for 10 years made annually with an annual discount rate of 5% with the first payment starting today? Group of answer choices $53,898 $54,052 $56,755 $58,042

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