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Q25 Which comes closest to the present value of a 25 year annuity of $100 that begins immediately if the interest rate is 3%? a.$

Q25

  1. Which comes closest to the present value of a 25 year annuity of $100 that begins immediately if the interest rate is 3%?

a.$ 1,355

b.$ 1,247

c.$ 1,625

d.$ 1,794

e.$ 1,480

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