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Christopher receives an ordinary annuity of $1,000 paid quarterly for 10 years (interest rate is 8%). What is the present value of this annuity? $26,840.33

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Christopher receives an ordinary annuity of $1,000 paid quarterly for 10 years (interest rate is 8%). What is the present value of this annuity? $26,840.33 $27,355.48 $27.902.58 $27,180.65 $28.333.33

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