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

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What is the present value of an annuity of $120 received at the end of each year for 11 years? Assume a discount rate of 5%. The first payment will be received one year from today (round to nearest $1). OA $250 OB 5400 OC $570 OD 5770 O E None of the above

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