The present value today of this deferred annuity is use, Financial Management

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The present value today of this deferred annuity is use

Mike Carlson will receive $37,000 a year from the end of the third year to the end of the 19th year (17 payments). The discount rate is 12%. The present value today of this deferred annuity is: Use Appendix B and Appendix D. (Round "PV Factor" to 3 decimal places.)

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