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Estimate the Present Value of an Annuity If Payments Are

Question 156

Multiple Choice

Estimate the present value of an annuity if payments are $1,500 monthly for 12 years and the account earns interest at the rate of 9% per year compounded continuously.


A) $105,563
B) $86,116
C) $129,803
D) $132,081
E) $104,177

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