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Find the Present Value of the Ordinary Annuity $\$ 1000$ Made Annually for 10 Years At

Question 96

Multiple Choice

Find the present value of the ordinary annuity.
-Payments of $\$ 1000$ made annually for 10 years at $6.5 \%$ compounded annually

A) $\$ 7652.20$
B) $\$ 6477.50$
C) $\$ 7937.70$
D) $\$ 7188.83$

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