Question: Using this formula, answer the following. Consider an annuity consisting of three cash flows of $8,000 each. If the interest rate is 6%, what is

Using this formula, answer the following.

Consider an annuity consisting of three cash flows of $8,000 each. If the interest rate is 6%, what is the present value (today) of the annuity if the first cash flow occurs:

Today
One year from today
Two years from today
Five years from today

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