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Find the present value of the following ordinary annuity. Discounting occurs once a year. $500 per year for 7 years at 5%. $3,037.85 $355.34 $3,500.00

Find the present value of the following ordinary annuity. Discounting occurs once a year. $500 per year for 7 years at 5%. $3,037.85 $355.34 $3,500.00 $2,893.19

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