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What is the present value of an annuity that pays $5,555 at the end of each year for 5 years when the interest rate is

What is the present value of an annuity that pays $5,555 at the end of each year for 5 years when the interest rate is 5%? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.

a $24,050 b $25,253 c $27,431 d $28,402 e $30,695

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