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MAT 106 Business and Finance Basics II 11.   Art wants to know how much he'll have to invest today to receive an annuity of $8,000 for three years if interest is earned at 10% annually. He'll make all of his withdrawals at the end of each year. How much should Art invest?         A. $23,280   B. $20,400   C. $19,895.20   D. $21,600
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