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Statistics Find the present value of an ordinary annuity which has payments of $1800 per year for 17 years at 5% compounded annually. What formula

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Find the present value of an ordinary annuity which has payments of $1800 per year for 17 years at 5% compounded annually. What formula is used to find the present value? Select the correct answer below and fill in the answer boxes to complete your choice. (Type integers or decimals.) O A. 1 - (1+ P = O B. P= O C. 1800 P = = 1 - (1+ The present value is $ (Round to the nearest cent.)

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