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What is the PV of an ordinary annuity with 1 0 payments of $ 7 , 5 0 0 if the appropriate interest rate is

What is the PV of an ordinary annuity with 10 payments of $7,500 if the appropriate interest rate is 5.5%?
Select the correct answer.
a. $56,504.99
b. $56,518.59
c. $56,525.39
d. $56,532.19
e. $56,511.79

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