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An annuity is set up that will pay $1,200 per year for eight years. What...

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An annuity is set up that will pay $1,200 per year for eight years. What is the present value (PV) of this annuity given that the discount rate is 9%? O A. $7,970 OB. $9,299 O c. $3,985 OD. $6,642

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