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An Annuity Will Pay You $1,000 Per Year for 75

Question 28

Multiple Choice

An annuity will pay you $1,000 per year for 75 years.What is the PV of this annuity if your cost of capital is 4%?

A) $25,000
B) $72,115
C) $75,000
D) $23,680
E) $24,038

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