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What is the present value (PV) of an Annuity that pays $2,000 in the next 5 years, as a 5% interest on investment? Assume that
What is the present value (PV) of an Annuity that pays $2,000 in the next 5 years, as a 5% interest on investment? Assume that the current interest rate is 3%, annually compounded and the same for all the years, payments are distributed at the end of each year and final payment is made at the end of 5th year
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