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Complete the following for the present value of an ordinary annuity. Amount of annuity: 860 Payments: Annually Time: 5 years Interest:7% Present value (amount needed

Complete the following for the present value of an ordinary annuity.

Amount of annuity: 860

Payments: Annually

Time: 5 years

Interest:7%

Present value (amount needed now to invest to receive annuity)?

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