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What is the present value of a $1,100 annuity payment over 5 years if interest rates are 11 percent? O $1,853.56 O $4,653.59 O $652.80
What is the present value of a $1,100 annuity payment over 5 years if interest rates are 11 percent?
O $1,853.56
O $4,653.59
O $652.80
O $4,065.49
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