Question: You are looking at a 2 0 - period regular annuity that has annual cash flows of $ 4 1 5 in Years 1 3

You are looking at a 20-period regular annuity that has annual cash flows of $415 in Years 13 through 32. Assume that the correct interest rate to use for this annuity. based on its risk, is an effective annual rate of 6.934 percent. Given this information, determine the present value of this regular annuity at Year 7.52,955.59O $3,160.53 $2,868.13O $3,379.69O $2,763.94

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