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What is the present value of annuity

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Reference no: EM132342076

You are to receive an annuity of $1,000 per year for 10 years. You will receive the first payment two years from today. At a discount rate of 10%, what is the present value of this annuity?

a. $6,759.03

b. $6,144.57

c. $5,585.97

d. $5,078.15

Reference no: EM132342076

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