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What is the present value of an annuity of $4,000 received at the beginning of each year for the next eight years? The first payment

What is the present value of an annuity of $4,000 received at the beginning of each year for the next eight years? The first payment will be received today, and the discount rate is 10% (round to nearest \$1). $25,699 $36,288 $23,473 $24,132

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