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Present Value of an Annuity Due If the present value of an ordinary, 5-year annuity is $6,900 and interest rates are 13 percent, what's the
Present Value of an Annuity Due If the present value of an ordinary, 5-year annuity is $6,900 and interest rates are 13 percent, what's the present value of the same annuity due?
A.$4,900
B.$5,797
C.$6,900
D. $7,797
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