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What is the present value of an annuity of $700 each year for 46 years, assuming an interest rate (opportunity cost) of 17.6 percent, and

What is the present value of an annuity of $700 each year for 46 years, assuming an interest rate (opportunity cost) of 17.6 percent, and that these amounts are received at the end of each year? Select one: a. 6887656.21 O b. 0.40 O c. 1212927.49 d. 3974.98

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