Multiple Choice
What is the PV of an ordinary annuity with 5 payments of $8,500 if the appropriate interest rate is 4.5%?
A) $31,717.58
B) $38,434.25
C) $44,031.47
D) $37,314.80
E) $29,851.84
Correct Answer:
Verified
Correct Answer:
Verified
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