What is the present value of an ordinary $1,100 annuity payment over 17 years if the interest
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Question:
"What is the present value of an ordinary $1,100 annuity payment over 17 years if the interest rates are 5 percent (assume annual compounding)?"
"$18,700.00 "
"$29,244.40
"Not possible to compute with the data provided
"$9,587.26 "
"$12,401.47 "
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