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If C = $1000 and R = 5% (Semi- Annual)

Question 7

Multiple Choice

If C = $1000 and r = 5% (semi- annual) , then the price (P) of a two- year annuity is:

A) $3523.94.
B) $3941.00.
C) $3322.76.
D) $3761.97.

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