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What is the present value of an annuity of $120 received at the end of each year for 11 years? 1. Assume a discount rate

What is the present value of an annuity of $120 received at the end of each year for 11 years? 1. Assume a discount rate of 7%. The first payment will be received one year from today (round to nearest $1). $570a. $250b. $400c. $900d.

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