Question: Computing the Value of Deferred Annuity What is the present value of 6 years of annual cash receipts of $22,400 at the end of

Computing the Value of Deferred Annuity What is the present value of

Computing the Value of Deferred Annuity What is the present value of 6 years of annual cash receipts of $22,400 at the end of each year that begins two years from today, assuming a 4% interest rate? Round answer to the nearest whole dollar. Do not use a negative sign with your answer.

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