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Use a calculator to evaluate the present value of an annuity formula -nt 1 - P=m --- 23 -(1+) for the values of the variables

Use a calculator to evaluate the present value of an annuity formula -nt 1 - P=m --- 23" -(1+) for the values of the variables m, r, and t (respectively). Assume n = 12. (Round your answer to the nearest cent.) $50; 3%; 7 yr X Need Help? Road It

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