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What is the PV of an ordinary annuity with 10 payments of $5,500 if the...

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Finance

What is the PV of an ordinary annuity with 10 payments of $5,500 if the appropriate interest rate is 6.1%?

a. $37,247.03
b. $58,355.00
c. $42,747.03
d. $49,874.55
e. $40,289.38

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