Calculate the present value today of annuity

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Problem 1: April Stigum will receive a 20-year annuity of $10,000 per year, beginning 7 years from today. In other words, the first payment will be made at the end of year 7. 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: EM132919677

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