Find the present value of an annuity of $2000, at the end of each quarter for 5

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Find the present value of an annuity of $2000, at the end of each quarter for 5 years after being deferred for 3 years, if money is worth 8% compounded quarterly.
Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...
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