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You will receive annual payments of $5,000 at the end of each year for 10 years, but the first payment will be received in year

You will receive annual payments of $5,000 at the end of each year for 10 years, but the first payment will be received in year 3. What is the present value of these payments if the discount rate is 6 percent?

		$30,898.36
		$24,387.13
		$26,260.49
		$28,251.12

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