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What is the present value of an ordinary annuity paying $1.450 each year for 15 years, with an interest rate of 5.5percent compounded annually? (Round

What is the present value of an ordinary annuity paying $1.450 each year for 15 years, with an interest rate of 5.5percent compounded annually? (Round to the nearest dollar.)

A.$16. 71816,718

B.$14 .55414,554

C.$19. 42919,429

D.$13. 838

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