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Present Value of an Annuity What is the present value of a $300 annuity payment over 5 years if interest rates are 8 percent? Multiple

Present Value of an Annuity What is the present value of a $300 annuity payment over 5 years if interest rates are 8 percent? Multiple Choice $204.17 $1,197.81 $1,386.86 $440.80

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