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Check my worl Calculate the present value of the following: a-1. Annual payment of $1,150 for 10 years at 5% interest. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value a-2. Annual payment places.) of $950 for 15 years at 5% interest (Do not round intermediate calculations. Round your answer to 2 decimal Present value a-3. Which option would you prefer? $1,150 a year for 10 years $950 a year for 15 years K Prey 5 of 7 Next
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