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Find the PV of a 15-year annuity-immediate with payments of 15, 14, 13, ..., 1 at an annual effective rate of interest i = 3%.

Find the PV of a 15-year annuity-immediate with payments of 15, 14, 13, ..., 1 at an annual effective rate of interest i = 3%. Possible Answers

A 85.10

B 88.09

C 97.38

D 99.85

E 102.07

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