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What will be an annuity's price today if it will pay $2,000 at each year-end over the next 5 years? The annual interest rate is

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What will be an annuity's price today if it will pay $2,000 at each year-end over the next 5 years? The annual interest rate is 8%. a) $8,624.25 b) $10,000 c) $14,693.28 d) $2,938.60 e) None of the above

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