What is the present value of $1,100 per year, at a discount rate of 10 percent if the first payment is received 6 years from now and the last payment is received 28 years from now?
A) $6,067.36
B) $6,138.87
C) $6,333.33
D) $6,420.12
E) $6,511.08
Correct Answer:
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