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If the present value of an ordinary, 3-year annuity is $5,500 and interest rates are 12 percent, what's the present value of the same annuity

If the present value of an ordinary, 3-year annuity is $5,500 and interest rates are 12 percent, what's the present value of the same annuity due?

O $4,500

O $6,160

O $5,160

O $5,500

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