(Answered) An annual deposit of 1000 is placed in an account at the

Management Studies

An annual deposit of $1,000 is placed in an account at the beginning of each year for 5 years. What is the present value of that series if interest is 12% compounded annually? (Report your answer in dollar amounts without any extra character. Answers such as 2Million; 2M; 2,000,000 or $2000000 are not acceptable)

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