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What Is the PV of an Ordinary Annuity with 10

Question 144

Multiple Choice

What is the PV of an ordinary annuity with 10 payments of $4,100 if the appropriate interest rate is 5.5%?

A) $31,213.31
B) $32,449.48
C) $32,140.44
D) $37,085.12
E) $30,904.27

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