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What is the present value of an annuity that pays $74 per year for 5 years and an additional $1,000 with the final payment? Use

image text in transcribed What is the present value of an annuity that pays $74 per year for 5 years and an additional $1,000 with the final payment? Use a nominal rate of 9.65%. $914 $1,019 $1,002 $1,092 $1,017

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