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You pay $2,000 each year into an ordinary annuity for 4 years at a rate of 10%. Using the present value ordinary annuity formula: =

You pay $2,000 each year into an ordinary annuity for 4 years at a rate of 10%. Using the present value ordinary annuity formula: = [(1 (1 + ))/i] What is the present value of the money that will be paid over the 4 years

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