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You will receive an annuity that pays $ 4 0 0 0 every year for 6 years. The first $ 4 0 0 0 in

You will receive an annuity that pays $

4000

every year for

6

years. The first $

4000

in the annuity will be paid in to you

4

years from today. If interest rate is

5 %,

what is the annuity worth today.

Please solve the answer in easy way to understand it clearly.

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