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You will receive $5,000 per year, every year for the next five (5) years, beginning at the end of this year.
If you use 6% as your discount rate, calculate the present value of this annuity.
11 Refer to the previous question: this is a(n)
a. back load annuity
b. front load annuity
c. annuity due
d ordinary annuity
e none of the above
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