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. What is the present value of an annuity consisting of 6 annual payments of $500, with the first cash flow occurring one year from

. What is the present value of an annuity consisting of 6 annual payments of $500, with the first cash flow occurring one year from now, if the interest rate is 3% p.a.?

A. $3,234.20

B. $2,706.48

C. $2,708.60

D. $3,232.17

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