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What is the present value of ten annual payments of $5,000, the first paid at the end of the year and discounted at 10%, giving

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What is the present value of ten annual payments of $5,000, the first paid at the end of the year and discounted at 10%, giving your answer to nearest $? Select one: a. $30,500 b. $30,723 c. $40,697 d. $50,073

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