Question: An annuity is set up that will pay $1,200 per year for eight years. What is the present value (PV) of this annuity given that

An annuity is set up that will pay $1,200 per year for eight years. What is the present value (PV) of this annuity given that the discount rate is

6%?

A.

$8,942

B.

$7,452

C.

$4,471

D.

$10,433

Click to select your answer.

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