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What is the present value of a $1,220 per year annuity for five years at an interest rate of 12 percent? Multiple Choice $680.72 $3,287.09

What is the present value of a $1,220 per year annuity for five years at an interest rate of 12 percent? Multiple Choice $680.72 $3,287.09 $4,397.83 $7.752.58

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