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You will receive 23 annual payments of $20,500. The first payment will be received 5 years from today and the interest rate is 4.9 percent.

You will receive 23 annual payments of $20,500. The first payment will be received 5 years from today and the interest rate is 4.9 percent. What is the value of the payments today?

Group of answer choices

$219,758.73

$279,140.96

$238,211.13

$217,719.85

$230,526.90

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