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What is the PV of an ordinary annuity with 5 payments of $6,200 if the appropriate interest rate is 4.5%? a. $22,863.00 b. $27,217.86 c.

What is the PV of an ordinary annuity with 5 payments of $6,200 if the appropriate interest rate is 4.5%?

a. $22,863.00

b. $27,217.86

c. $30,211.82

d. $21,502.11

e. $30,484.00

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