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You bought an annuity selling at $16,788.11 today that promises to make equal payment at the beginning of each year for the next four years.

You bought an annuity selling at $16,788.11 today that promises to make equal payment at the beginning of each year for the next four years. If the annuity's appropriate interest rate remains at 11% during this time, then the value of the annual payment is

A.7068.75

B. 4,875.00

C.6,093.75

D.9,233.46

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