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QUESTION 3 Find the present value of the following ordinary annuity: Periodic Payment: $1,700 Payment Interval: bi-monthly (every two months, 6 times/year) Term: 7

QUESTION 3 Find the present value of the following ordinary annuity: Periodic Payment: $1,700 Payment Interval: bi-monthly (every two months, 6 times/year) Term: 7 years Interest Rate: 1.25% Conversion Period: semi-annually a. $74,529.13 Ob. $68,303.60 c. $66,696.45 Od. $53,135.54 e. $66,396.45

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