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What Is the PV of an Ordinary Annuity with 10

Question 135

Multiple Choice

What is the PV of an ordinary annuity with 10 payments of $2, 700 if the appropriate interest rate is 5.5%?

A) $16, 576
B) $17, 449
C) $18, 367
D) $19, 334
E) $20, 352

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