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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 = a 12 B PV = 0 + 02 + 3 + ... +12 PV = 1+0+ 12 + 2y3 +...+y11 D PV = 1 - 12 i 12 1-(1+i) E PV =

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