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An annuity makes 5 equal annual payments of $2,000. The first payment begins in exactly...

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An annuity makes 5 equal annual payments of $2,000. The first payment begins in exactly 12 years. If the relevant discount (interest) rate is 10, what is the present value (today) of the annuity? None of these are correct. $2,600 $2,073 $3,215 $2,657

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