6-10 Deferred annuity. Refer to the situation described in BE 6-8. What amount did Canliss borrow assuming that the first of the five annual $10,000 payments was not due for three years?

ANSWER KEY 6-10 Deferred annuity. Refer to the situation described in BE 6-8. What amount did Canliss borrow assuming that the first of the five annual $10,000 payments was not due for three years?

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