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Problem 5-11 Present Value of an Annuity Due (LG5-6) If the present value of on ordinary, 6 yoar annuly is $6,200 and interest rates are

Problem 5-11 Present Value of an Annuity Due (LG5-6) If the present value of on ordinary, 6 yoar annuly is $6,200 and interest rates are 7.5 percent, what's the prosent value of the same annutyy due? (Round your answer to 2 decimal places)

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