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What is the present value of a 5 year ordinary annuity with annual payments of $300 if the appropriate discount rate is 11.00% ? $1,108,77

What is the present value of a 5 year ordinary annuity with annual payments of $300 if the appropriate discount rate is 11.00% ? $1,108,77 $1,053.33 $93137 $1,219.65 $997.89

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