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Problem 5-11 Present Value of an Annuity Due (LG5-6) If the present value of an ordinary, 6-year annuity is $7,500 and interest rates are 7.5

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Problem 5-11 Present Value of an Annuity Due (LG5-6) If the present value of an ordinary, 6-year annuity is $7,500 and interest rates are 7.5 percent, what's the present value of the same annuity due? (Round your answer to 2 decimal places.) resent value

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