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Your friend promises you an annuity of 1 5 payments. If the first payment occurs in year 1 , the interest rate is 5 %

Your friend promises you an annuity of 15 payments. If the first payment occurs in year 1, the interest rate is 5% and the present value at year zero for the promise is $200, which of the following is right about the payment at year 10?
$16.27
$19.27
$47.93
$80.85
None of the above
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