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What is the present value today of an ordinary annuity cash flow of $3,000 per year for forty years at an interest rate of 6.0%

What is the present value today of an ordinary annuity cash flow of $3,000 per year for forty years at an interest rate of 6.0% per year?

Select one:

a. $120,000.00

b. $1,327,777.67

c. $45,139.89

d. $32,270.87

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