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An Annuity Will Pay You $12,000 Per Year for 20

Question 38

Multiple Choice

An annuity will pay you $12,000 per year for 20 years.What is the PV of this annuity if your cost of capital is 7%?

A) $224,299
B) $240,000
C) $127,128
D) $491,946
E) $238,245

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