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What is the present value of annuity of $120 dollars received at the end of each year for 11 years? Assume a discount rate of
What is the present value of annuity of $120 dollars received at the end of each year for 11 years? Assume a discount rate of 7%. The first payment will be received one year from today.
A $250
B. $400
C. $570
D. $900
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