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If an 8-year ordinary annuity has a present value of $8,000, and if the interest rate is 10%, what is the amount of each annuity
If an 8-year ordinary annuity has a present value of $8,000, and if the interest rate is 10%, what is the amount of each annuity payment? 1) $1,499.55 2) $1.263.80 3) $2,300.20 4) $1,363.23 5) $1,446.87
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