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Connor has $480,000 to invest in a 5-year annuity. Assuming the time value of money...

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Accounting

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Connor has $480,000 to invest in a 5-year annuity. Assuming the time value of money is 10%, what amount will Connor recelve in cash each year? (PV of \$1 and PVA of \$1) Note: Use appropriate factor(s) from the tables provided. Do not round your PV factors. Round your answer to the nearest dollar. Multiple Choice $96,000 $103,680 $126,623 None of these answers are correct

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