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What's the Present Value of a 4-Year Ordinary Annuity of $2,250

Question 75

Multiple Choice

What's the present value of a 4-year ordinary annuity of $2,250 per year plus an additional $1,550 at the end of Year 4 if the interest rate is 5%?

A) $7,773.01
B) $9,253.58
C) $11,474.44
D) $7,125.25
E) $7,402.86

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