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What is the PV of an ordinary annuity with 10 payments of $6,300 if the appropriate interest rate is 5.5%? Select the correct answer. a.

What is the PV of an ordinary annuity with 10 payments of $6,300 if the appropriate interest rate is 5.5%?

Select the correct answer.

a. $47,496.24

b. $47,523.84

c. $47,514.64

d. $47,487.04

e. $47,505.44

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