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Question 3 (3.3 points) What is the present value of a $500 annuity payment each year over 5 years if the annual interest rate is

Question 3 (3.3 points) What is the present value of a $500 annuity payment each year over 5 years if the annual interest rate is 8%? O A) $2,079.06 B) $1,740.80 OC) $1,996.36 OD) $1,853.42

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