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What is the present value of an ordinary annuity of $1550 each year for 15 years, with an interest rate of 6.6 percent per annum?

What is the present value of an ordinary annuity of $1550 each year for 15 years, with an interest rate of 6.6 percent per annum? Select one: a. $10 500 b. $14 481 c. $17 589 d. $16 500

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