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If the Present Value of an Ordinary, 8-Year Annuity Is

Question 139

Multiple Choice

If the present value of an ordinary, 8-year annuity is $12,500 and interest rates are 9.1 percent, what is the present value of the same annuity due?

A) $13,637.50
B) $13,941.90
C) $14,114.80
D) $14,211.90

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