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What is the present value of a $1,100 payment made every year forever when interest rates are 4.5 percent? Multiple Choice $11,100 $21,089.37 $22,963.14 $24,444.44

What is the present value of a $1,100 payment made every year forever when interest rates are 4.5 percent?

Multiple Choice

$11,100
$21,089.37
$22,963.14
$24,444.44

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