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4. Farah will receive $1550 each year for 15 years from an ordinary annuity that she has recently purchased. If she earns interest at

4. Farah will receive $1550 each year for 15 years from an ordinary annuity that she has recently purchased. If she earns interest at a rate of 6.6 percent compounded annually, what is the present value of the amount that she will receive? (PV)

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