jmascar5781 jmascar5781

23-05-2023
Business

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If a 5-year ordinary annuity (N) has a present value (PV) of $1,000, and if the interest rate is 10 (I) percent, what is the amount of each annuity payment (PMT)?
Group of answer choices
$240.42
$263.80
$300.20
$346.87

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