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Which of the following is an incorrect formula for the present value of an annuity-immediate of $1 payable at the end of each year for

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Which of the following is an incorrect formula for the present value of an annuity-immediate of $1 payable at the end of each year for 12 years at i% : Possible Answers A PV=aai2 PV=v+v2+v3++v12PV=1+v+v2+v3++v11PV=i1v12PV=i1(1+i)12

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