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What is the present value of an ordinary annuity consisting of 5 annual payments of $1,000 with an interest rate of 8% p.a., with the

What is the present value of an ordinary annuity consisting of 5 annual payments of $1,000 with an interest rate of 8% p.a., with the first payment occurring at the end of year 6

$2,717.37

$4,918.64

$4,992.71

$3,696.95

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