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Question
What is the PV of an annuity due with 5 payments of $2,500 at an interest rate of 5.5%?a. $11,262.88
b. $11,826.02
c. $12,417.32
d. $13,038.19
e. $13,690.10
Answer
This answer is hidden. It contains 1 characters.
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Which of the following is not correct for a firm with seasonal sales and customers who all pay promptly at the end of 30 days?
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