Multiple Choice
Find the present value of the ordinary annuity. Please round the answer to the nearest cent. $5,000 per semiannual period for 5 yr at 11%/year compounded semiannually
A) P = $
B) P = $
C) P = $
D) P = $
E) P = $
Correct Answer:

Verified
Correct Answer:
Verified
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