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8 Loans typically fall into each of the following categories except: a real estate. b. individual c. commercial d. agricultural e. municipal 9 A 5-year

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8 Loans typically fall into each of the following categories except: a real estate. b. individual c. commercial d. agricultural e. municipal 9 A 5-year annuity Due has a present value of $1,000. If the interest rate is 8 percent, the amount of each annuity payment is closest to which of the following? A $250.44 B. $231.91 C. $181.62 D. $184.08 E. $123.34 10. An 8-year ordinary annuity has a present value of $1,000. If the interest rate is 5 percent, the amount of each annuity payment is closest to which of the following? A. $154.73 B. $147.36 C. $109.39 D. $250.45 E. $ 99.74 A 5-year annuity due has a future value of $1,000. If the interest rate is 8 percent, the amount of each annuity payment is closest to which of the following? A $250.44 B. $231.91 C. $157.83 D. $181.62 E. $170.44 11. 000

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