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You have an annuity of equal annual end-of-the-year cash flows of $500 that begin two years from today and last for a total of ten

You have an annuity of equal annual end-of-the-year cash flows of $500 that begin two years from today and last for a total of ten cash flows. Using a discount rate of 4%, what are those cash flows worth in today's dollars?

Select one:

a. $5,000.00

b. $4,055.45

c. $4,380.24

d. $3,899.47

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