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    Finite Mathematics for Business Economics
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    Exam 3: Mathematics of Finance
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    Find the Present Value of the Ordinary Annuity
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Find the Present Value of the Ordinary Annuity

Question 31

Question 31

Multiple Choice

Find the present value of the ordinary annuity:
-Payments of $ 65 made quarterly for 10 years at 8% compounded quarterly


A) $ 1789.81
B) $ 638.18
C) $ 1748.67
D) $ 1778.11

Correct Answer:

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