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What is the PV of an annuity due with 5 payments of $4,000 at an interest rate of 5.5%? Select the correct answer. a. $18,020.60

What is the PV of an annuity due with 5 payments of $4,000 at an interest rate of 5.5%?

Select the correct answer.

a. $18,020.60

b. $18,024.60

c. $18,028.60

d. $18,012.60

e. $18,016.60

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