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You are presented with two cash flow options: Option Near, a $5,000 annuity for three years, with the first cash flow one year from today,

You are presented with two cash flow options: Option Near, a $5,000 annuity for three years, with the first cash flow one year from today, or Option Far, a $5,000 annuity for six years with the first cash flow ten years from today. Assuming an interest rate of 7.0%, which set of cash flows has a greater present value?

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