What is the PV of an ordinary annuity with 10 payments of $7,800 if the appropriate interest rate is 5.5%? Select the correct answer. a. $58,823.08 Ob. $58,815.68 $58,793.48 Od. $58,808.28 Oe. $58,800.88

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A: Formula PVA = m*[1-(1+r)-n*t]/r Where PVA - Present value of annuity m - Annual deposit amount i.e.…

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