Question: The present value interest factor for an annuity with an interest rate of 8 percent per year over 2 0 years is Blank _ _

The present value interest factor for an annuity with an interest rate of 8 percent per year over 20 years is Blank______.
Multiple choice question.
[1(1/1.1820)]/.08
[1.08(1/1.0820)]/.08
[1(1/1.0820)]/1.08
[1(1/1.0820)]/.08

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