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Plimpton Has an Annuity Due That Pays $800 Per Year

Question 104

Multiple Choice

Plimpton has an annuity due that pays $800 per year for 11 years.What is the present value of the cash flows if they are discounted at an annual rate of 7.50%?


A) $5,296.27
B) $5,693.49
C) $6,291.26
D) $8,800.00

Correct Answer:

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