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What is the present worth of a year annuity paying P 3,000.00 at the end of each year, with interest at 8% compounded annually?

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What is the present worth of a year annuity paying P 3,000.00 at the end of each year, with interest at 8% compounded annually?
  • AP 7,654.04
  • BP 7,731.29
  • CP 7,420.89
  • DP 7,590.12
Correct answer: B

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CCommunity
P 7,731.29