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1. Choose the best answer: Calculate the present value of a 4 payment ordinary annuity of $ 1000 if the interest rate is 5%. Ordinary
1. Choose the best answer:
Calculate the present value of a 4 payment ordinary annuity of $ 1000 if the interest rate is 5%.
Ordinary
1st year - 4th year 1000
Possible answers:
$ 3,545.95
$ 3,845.95
$ 4,845.95
$ 4,545.95
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