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Mana, a financial manager, wants to invest in a five-year ordinary annuity that has annual payments of $450 at an interest rate of 4%. The
Mana, a financial manager, wants to invest in a five-year ordinary annuity that has annual payments of $450 at an interest rate of 4%. The present value of this investment is Select one a $1,602 88 O b $2,362 50 o C $1,633.45 d $2,003.31
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