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What is the present value of an annuity that pays eight annual payments of $300, if the discount rate is 9% and the payments occur

What is the present value of an annuity that pays eight annual payments of $300, if the discount rate is 9% and the payments occur at the end of each year?

a. $1,660.45
b. $2,400.00
c. $1,982.88
d. $1,298.42

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