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What is the present value of a 6-period annuity

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Reference no: EM132657231

What is the present value of a 6-period annuity of $400 per year that begins 4 years from today if the discount rate is 8% per annum compounded annually?

Please provide your answer to the nearest cent, without the unit of dollar sign (e.g., 1001.15).

Reference no: EM132657231

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