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What is the value today of receiving $5,000 at the end of each year for the next four years, assuming an interest rate of 11%

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What is the value today of receiving $5,000 at the end of each year for the next four years, assuming an interest rate of 11% compounded annually? (FV of \$1. PV of \$1, FVA of \$1, and PVA of \$1). (Use appropriate factor(s) from the tables provided.) Multiple Choice $14,212 $23.549 $15,512 $22,000 Table 1 Future Value of $1 FV=$1(1+i)n Table 2 Present Value of $1 PV=$1/(1+i)n Table 3 Future Value of an Ordinary Annuity of $1 FVA=$1(1+i)n1/i Table 4 Present Value of an Ordinary Annuity of $1 PVA=11/(1+i)n/i

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