Find the present value of 5 annual payments of $80 per annum where t.pdf

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Find the present value of 5 annual payments of $80 per annum where the first payment is made 1 year from now. So there are 5 annual payments from t=1 to t=5 inclusive. The discount rate is 6% pa. The present value of these payments is: Select one: a. $277.21 b. $317.91 c. $336.99 d. $996.34 e. $1,333.33.

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