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Posted on Oct 02, 2024

What is the present value of MP Vea's ordinary annuity investment set to receive 10 payments of $4,100 if the appropriate interest rate is 5.5%?

a. $34,160.52 b. $38,472.04 c. $33,165.55 d. $30,904.27 e. $27,527.41

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