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What is the present value of a 20-year ordinary annuity that has monthly payments of $ 800 and monthly compound interest of 6%? (show your

What is the present value of a 20-year ordinary annuity that has monthly payments of $ 800 and monthly compound interest of 6%? (show your calculations)

a. $ 111,664.62

b. $ 125,345. 10

c. $ 144,248.73

d. $ 85,456.75

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