Question: Q3 If a 5-year ordinary annuity has a present value of $6,201, and if the interest rate is 10 percent, what is the amount of

Q3Q3 If a 5-year ordinary annuity has a present value of $6,201,

If a 5-year ordinary annuity has a present value of $6,201, and if the interest rate is 10 percent, what is the amount of each annuity payment

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