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What is the present value of an ordinary $1,100 annuity payment over 17 years if the interest rates are 5 percent (assume annual compounding? $18,700.00

"What is the present value of an ordinary $1,100 annuity payment over 17 years if the interest rates are 5 percent (assume annual compounding?" "$18,700.00" "$29,244.40" Not possible to compute with the data provided "$9,587.26" "$12,401.47

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