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What is the PV of an ordinary annuity with 1 0 payments of $ 1 , 4 0 0 if the appropriate interest rate is

What is the PV of an ordinary annuity with 10 payments of $1,400 if the appropriate interest rate is 5.5%?
Select the correct answer.
a. $10,544.48
b. $10,548.58
c. $10,536.28
d. $10,540.38
e. $10,552.68

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