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Compute the Present Value of an Ordinary Annuity That Pays

question 108

Multiple Choice

Compute the present value of an ordinary annuity that pays $11,000 per year for 15 years at 7%. Present value of annuity of $1: Compute the present value of an ordinary annuity that pays $11,000 per year for 15 years at 7%. Present value of annuity of $1:   A)  $100,188 B)  $100,921 C)  $99,418 D)  $100,958


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