The present value of an ordinary annuity paying $100 for 12 years at an interest rate of 9.25% per annum is:
A)$856.39.
B)$707.14.
C)$829.61.
D)$843.05.

Name: The present value of an ordinary annuity paying $100 for 12 years at an interest rate of 9.25% per annum is: A)$856.39. B)$707.14. C)$829.61. D)$843.05.
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The Answer of The present value of an ordinary annuity paying $100 for 12 years at an interest rate of 9.25% per annum is:
A)$856.39.
B)$707.14.
C)$829.61.
D)$843.05.

The Present Value of an Ordinary Annuity Paying $100 for 12