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What is the value today of $1,200 per year, at a discount rate of 8 percent, if the first payment is received 6 years from

What is the value today of $1,200 per year, at a discount rate of 8 percent, if the first payment is received 6 years from now and the last payment is received 29 years from today?

A. 8598.84

B.8426.86

C. 2795.65

D. 8470.04

E. 12734.51

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