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You are offered an annuity that will pay $17,000 per year for 7 years (the first payment will be made today). If you feel that
You are offered an annuity that will pay $17,000 per year for 7 years (the first payment will be made today). If you feel that the appropriate discount rate is 11%, what is the annuity worth to you today?
A. $92,320.32
B. $74,321.07
C. $88,919.14
D. $88,431.44
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