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What is the present value of an annuity that pays $20,000 ON THE FIRST DAY of each year for the next ten years if the

What is the present value of an annuity that pays $20,000 ON THE FIRST DAY of each year for the next ten years if the discount rate is 8.75%? Group of answer choices

A. $141,133.27

B. $129,777.72

C. $326,529.23

D. $300,256.76

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