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What is the present value of an ordinary deferred annuity for 1.5 years if it pays $980, m=4 for 8 years? Assume interest is at

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What is the present value of an ordinary deferred annuity for 1.5 years if it pays $980, m=4 for 8 years? Assume interest is at 5%. Select one: O A. $24,167.73 B. $26,037.90 O C. $25,716.45 D. $23,869.36

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