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# Assume the appropriate discount rate is 5%. What is the value 4 years from today of an annuity that makes payments of $2,000 per year

Assume the appropriate discount rate is 5%. What is the value 4 years from today of an annuity that makes payments of $2,000 per year if the first payment is made 5 years from now and the last payment is made 9 years from now?

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