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You receive annual payments of $1000 at the end of each year for 7 years. The discount rate is 8 percent. What is the present

You receive annual payments of $1000 at the end of each year for 7 years. The discount rate is 8 percent. What is the present value of annuity? an Select one: O a. $8,922.80 O b. $4805.00 O c. $ 1090.23 O d. $5206.37 page

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