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What is the present value of a 4-year ordinary annuity of $2,420 per year if the interest rate is 7%? O a. $8,509 O b.

What is the present value of a 4-year ordinary annuity of $2,420 per year if the interest rate is 7%? O a. $8,509 O b. $10,744 O c. $8,350 O d. $8,197 O e. $8,280

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