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Problem 5-12 Present Value of an Annuity Due (LG5-6) If the present value of an ordinary, 8-year annuity is $8,600 and interest rates are 10.0

Problem 5-12 Present Value of an Annuity Due (LG5-6)

If the present value of an ordinary, 8-year annuity is $8,600 and interest rates are 10.0 percent, whats the present value of the same annuity due? (Round your answer to 2 decimal places.)

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