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00:50:00 13 Not yet answered Marked out of 1.00 If a 5-year ordinary annuity has a present value of $1,000, and if the interest rate

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00:50:00 13 Not yet answered Marked out of 1.00 If a 5-year ordinary annuity has a present value of $1,000, and if the interest rate is 10 percent. what is the amount of each annuity payment? Select one a. $263.80 b. $315.38 0 c, $240.42 d. $300.20 CLEAR MY CHOICE )

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