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Find the present value

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Question - Find the present value of the following ordinary annuity:

Periodic Payment: $1,700

Payment Interval: bi-monthly (every two months, 6 times/year)

Term: 7 years

Interest Rate: 1.25%

Conversion Period: semi-annually

a. $66,396.45

b. $53,135.54

c. $68,303.60

d. $74,529.13

e. $66,696.45

Reference no: EM133162253

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