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Find the Present Value of the Ordinary Annuity $\$ 2300$ Made Annually for 25 Years At

Question 152

Multiple Choice

Find the present value of the ordinary annuity.
-Payments of $\$ 2300$ made annually for 25 years at $7 \%$ compounded annually

A) $\$ 27,168.98$
B) $\$ 26,923.80$
C) $\$ 27,436.70$
D) $\$ 26,803.24$

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