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12. Find the present value of a 10-year annuity-immediate with payments of 5,8,11,..,32 at 5% effective rate of interest. a. $58.93 b. $133.56 C. $174.36

12. Find the present value of a 10-year annuity-immediate with payments of 5,8,11,..,32 at 5% effective rate of interest. a. $58.93 b. $133.56 C. $174.36 d. $121.42

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