Multiple Choice
What is the PV of an ordinary annuity with 10 payments of $4,400 if the appropriate interest rate is 5.5%?
A) $34,492.18
B) $38,472.04
C) $34,160.52
D) $27,527.41
E) $33,165.55
Correct Answer:
Verified
Correct Answer:
Verified
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