You are considering an annuity investment which will pay $10,000 a year for 25 years, starting 1 year from today. What is the present value of this investment if you wish to earn a 7.5 percent rate of return? 1) $94,960.00 x 2) $95,217.81 3) $105,734.73 $111,469.46

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A: See the attachment

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