Calculate the present value today of annuity

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Ben will receive a 5 year annuity of $1,000 per year, beginning 4 years from today. In other words, the first payment will be made at the end of year 4. Assuming a required rate of return of 7%, calculate the present value today of her annuity. (Enter a positive value and round to 2 decimals)

Reference no: EM132379935

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