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John needs income for 10 years after retiring from running his company. He needs $2,700 per year. What is the PV of an ordinary annuity
John needs income for 10 years after retiring from running his company. He needs $2,700 per year. What is the PV of an ordinary annuity with 10 payments of $2,700 if the appropriate interest rate is 5.5%?
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