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## Statistics

Compute the present value of an annuity of \$ 880 per year for 16 years, given a discount rate of 6 percent per annum. Assume that the first cash flow will occur one year from today (that is, at t = 1). (Round your answer to 2 decimal places; record your answer without commas and without a dollar sign).

Statistics and Probability, Statistics

• Category:- Statistics and Probability
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