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What Is the PV of an Ordinary Annuity with 5

Question 122

Multiple Choice

What is the PV of an ordinary annuity with 5 payments of $4, 700 if the appropriate interest rate is 4.5%?

A) $16, 806
B) $17, 690
C) $18, 621
D) $19, 601
E) $20, 633

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