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Is the PV of an Annuity Due with 5 Payments

Question 74

Multiple Choice

is the PV of an annuity due with 5 payments of $2,500 at an interest rate of 5.5%?

A) $11,262.88
B) $11,826.02
C) $12,417.32
D) $13,038.19
E) $13,690.10

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