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If an ordinary annuity pays $1,000 per year, what is the present value of the 15 -year annuity at 12% ? Present value of ordinary

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If an ordinary annuity pays $1,000 per year, what is the present value of the 15 -year annuity at 12% ? Present value of ordinary annuity of $1 : A. $6,811 B. $7,606 C. $6,628 D. $7,367

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