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Rita wants to calculate the ptesent value of an annuity of $120, received at the end of each year for 11 years Assume a discount
Rita wants to calculate the ptesent value of an annuity of $120, received at the end of each year for 11 years Assume a discount rate of 7%. The first payment will be received one year from today. Round your answer to nearest dollar Select one: o a. $570 b. $250 c. $900 d. $400
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