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Problem 5-12 Present Value of an Annuity Due (LG5-6) If the present value of an ordinary, 7-year annuity is $9,900 and interest rates are 9.0

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Problem 5-12 Present Value of an Annuity Due (LG5-6) If the present value of an ordinary, 7-year annuity is $9,900 and interest rates are 9.0 percent, what's the present value of the same annuity due? (Round your answer to 2 decimal places.) Present value $

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