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Of None of the other answers are correct Using an APY of 5% as the discount rate, what is the present value of 25 annual
Of None of the other answers are correct Using an APY of 5% as the discount rate, what is the present value of 25 annual payments of $2,500 if the first payment begins 3 years from today? Please round your answer to the nearest penny and note that "None of the other answers are correct" would not be correct if you were choosing it due to your answer merely differing by less than a dollar or two from one of the given numerical choices. O a. $35,234.86 b. $28,987.81 O c $30.437.20 Od $31,959.06 Oe. $33,557,01
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