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Consider a 13-year annuity-immediate with payments of 7, 12, 17, ..., 67. Which of the following formulas gives the PV of this annuity? Possible Answers

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Consider a 13-year annuity-immediate with payments of 7, 12, 17, ..., 67. Which of the following formulas gives the PV of this annuity? Possible Answers A PV = 2073] + 5(Ia) 73| B PV = 7013] + (Ia) 131 CPV = 70731 + 5(Ia) 72|| D PV = 7+(Ia)131 E PV = 72 73] + 5(Ia)13/

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