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Compute the Present Value of an Ordinary Annuity That Pays

Question 143

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


A) $100,188
B) $100,921
C) $99,418
D) $100,958

Correct Answer:

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