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An ordinary annuity pays $4,800 per year for 5 years. If the cost of capital is 7%, what would be the 5 present value of
An ordinary annuity pays $4,800 per year for 5 years. If the cost of capital is 7%, what would be the 5 present value of the annuity if the first payment were not received until 10 years from today? $10,004.80 $12,200.38 $10,705.13 O $13,054.41
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