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Which comes closest to the present value of a 25 year annuity of $100 that begins immediately if the interest rate is 5%? a. $
Which comes closest to the present value of a 25 year annuity of $100 that begins immediately if the interest rate is 5%?
a.$ 1,794
b.$ 1,480
c.$ 1,355
d.$ 1,247
e.$ 1,625
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Personal Finance A Practical Approach
Authors: Jane King, Mary Carey
1st Edition
0199668833, 9780199668830
