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What is the present value of an ordinary annuity paying $1,300 each year for 15 years, with an interest rate of 5.4 percent compounded annually?

What is the present value of an ordinary annuity paying $1,300 each year for 15 years, with an interest rate of 5.4 percent compounded annually? (Round to the nearest dollar) OA. $13,136 OB. $12,4181 OC. $17,818 OD. $15,251

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