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What is the present value of an ordinary annuity paying $1,850 each year for 20 years, with an interest rate of 6.9 percent compounded annually?

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What is the present value of an ordinary annuity paying $1,850 each year for 20 years, with an interest rate of 6.9 percent compounded annually? (Round to the nearest dollar.) A. $21,432 B. $18,999 C. $19,752 D. $25,246

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