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What is the PV of an ordinary annuity with 10 payments of $2,400 if the appropriate interest rate is 5.5% ? Select the correct answer.

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What is the PV of an ordinary annuity with 10 payments of $2,400 if the appropriate interest rate is 5.5% ? Select the correct answer. a. $18,112.80 b. $18,097.80 c. $18,105.30 d. $18,090.30 e. $18,082.80

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