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What is the PV of an annuity due with 5 payments of $ 2 , 5 0 0 at an interest rate of 5 .

What is the PV of an annuity due with 5 payments of $2,500 at an interest rate of 5.5%?
a. $11,826.02
b. $12,417.32
c. $13,038.19
d. $11,262.88
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