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The present value factor for an annuity of $1 is determined using which of the following formulas? a. Amount to be invested/Annual average net income.

The present value factor for an annuity of $1 is determined using which of the following formulas? a. Amount to be invested/Annual average net income. b. Annual average net income/Amount to be invested. c. Annual net cash flow/Amount to be invested. d. Amount to be invested/Equal annual net cash flows

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