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What is the present value of a five year annuity of $3,000 if the interest rate is 12% and the first payment is made today?

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What is the present value of a five year annuity of $3,000 if the interest rate is 12% and the first payment is made today? $9,655.65$10,814.33$12,112.05$13,200.00 Question 5 (5 points) An increase in the market rate of return on an outstanding bond will increase the coupon rate. decrease the coupon rate. increase the bond price. decrease the bond price

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