What is the present value of an annuity

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What is the present value of an annuity of $120 received at the end of each year for 11 years? Assume a discount rate of 7%. The first payment will be received one year from today (round to nearest $1). Select one: a. $250 b. $900 c. $570 d. $400 Please show work

Reference no: EM13980915

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