[Solved] McKenzie, Inc. will be making annual loan

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McKenzie, Inc. will be making annual loan payments of USD 3 , 8 9 5 . 5 0 for a 1 0 - year period

McKenzie, Inc. will be making annual loan payments of USD

3, 895.50

for a

10 -

year period starting at the end of this

year. If the interest rate is

9

percent, what is the present value of this annuity?

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