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What is the present value of an ordinary annuity that pays $107 per year for the next 45 years?The applicable interest rate is 4.3 percent,
What is the present value of an ordinary annuity that pays $107 per year for the next 45 years?The applicable interest rate is 4.3 percent, annually compounded.Round your answer to the nearest cent.
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Financial Management Concepts and Applications
Authors: Stephen Foerster
1st edition
013293664X, 978-0132936644
