please explain ! 6. What amount comes closest to the present value...
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Accounting
please explain ! 
6. What amount comes closest to the present value of an annuity of 15 consecutive annual payments of $1,000 if the annuity does not start making payments until the end of the fifth year (payments from year 5 through 19)? Use an interest rate of 2%. A. $13,011 B. $11,871 C. $10,607 D. $9,504 E. $8,539
please explain !
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