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If a 5-year regular annuity has a present value of $1,000, and if the interest rate is 10 percent, what is the amount of each

If a 5-year regular annuity has a present value of $1,000, and if the interest rate is 10 percent, what is the amount of each annuity payment? a. $240.42 b. $263.80 c. $300.20 d. $315.38 e. $346.87

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