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What is the present value of an annual annuity payment of $7,000 made for 12 years with a required return of 5% with the first
What is the present value of an annual annuity payment of $7,000 made for 12 years with a required return of 5% with the first payment starting today? (Please show work--I got $62,043 but the answer is $65,145)
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