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Principle of Finance If a 5-year ordinary annuity has a present value of $1,000 and if the annual interest rate is 10%, what is the
Principle of Finance
If a 5-year ordinary annuity has a present value of $1,000 and if the annual interest rate is 10%, what is the amount of each annuity payment? $264$240$315$300 Step by Step Solution
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