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What is the present value of the following annuity?$936 every year at the end of the year for the next 11 years, discounted back to the present at 9.94 percent per year, compounded annually?

What is the present value of the following annuity?<br/>$936 every

year at the end of the year for the next 11 years, discounted back to the present at 9.94 percent per year, compounded annually?

 
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