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What is the present value of an annuity due of $1000 per month for 20years discounted at 9% per annum (assuming monthly compounding)? Select one:
What is the present value of an annuity due of $1000 per month for 20years discounted at 9% per annum (assuming monthly compounding)?
Select one:
a.
$111,144.95
b.
$109,978.54
c.
$111,978.54
d.
$99,950.11
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