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eBookReferencesCheck my workCheck My Work button is now disabledItem $12$

If the present value of an ordinary, $10-$year annuity is $$25,000$ and interest rates are $7$ percent, what is the present value of the same annuity due?

Multiple Choice

$$23,644\mathrm{.}49$

$$24,997\mathrm{.}51$

$$25,000\mathrm{.}00$

$$26,750\mathrm{.}00$