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No justification needed Fast plz its an exam 5. What is the future value of a 5-year ordinary annuity with annual payments of $200, evaluated
No justification needed Fast plz its an exam
5. What is the future value of a 5-year ordinary annuity with annual payments of $200, evaluated at a 15 percent interest rate? * 5 p O a) $ 670.44 Ob) $ 842.91 O c) $1,522.64 O d) $1,348.48 e) None of the above 6. What is the present value of a 7-year ordinary annuity with annual payments of $300, evaluated at a 10 percent interest rate? * 5 point O a) $ 670.43 O b) $ 842.91 c) $1,460.52 d) $1,522.64 e) None of the aboveStep by Step Solution
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