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Complete the following for the present value of an ordinary annuity. (Do not round intermediate calculations. Round your answer to the nearest cent.) Time Interest

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Complete the following for the present value of an ordinary annuity. (Do not round intermediate calculations. Round your answer to the nearest cent.) Time Interest rate Amount of annuity expected Present value (amount needed now to invest to receive annuity) Payment $ 61% 780 Annually 4 years

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