If the present value of an ordinary 7-year annuity is 6300


If the present value of an ordinary, 7-year annuity is $6,300 and interest rates are 8.5 percent, what’s the present value of the same annuity due? (Round your answer to 2 decimal places.)

Present value

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Financial Management: If the present value of an ordinary 7-year annuity is 6300
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