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Compute the PV of a 5-year ordinary annuity with monthly payments of $500, using an annual discount rate of 8%. Select one: O a.

Compute the PV of a 5-year ordinary annuity with monthly payments of $500, using an annual discount rate of 8%. Select one: O a. $25,112.43 O b. $24,659.22 c. $26,909.23 d. $23,989.05 e. $22,675.11

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