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What is the present value of a 5.1%, $132, 4-year ordinary annuity? (The answer should be rounded to TWO (2) decimals, without the $ sign)

What is the present value of a 5.1%, $132, 4-year ordinary annuity?

(The answer should be rounded to TWO (2) decimals, without the $ sign) Round your answer to 2 decimal places.

Your Answer: 108.18 (Incorrect)

The answer is 466.98 1%.

Please explain with financial calculator

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