5-5B. (Compound annuity) What is the accumulated sum of each of the following streams of payments? a.
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5-5B. (Compound annuity) What is the accumulated sum of each of the following streams of payments?
a. $500 a year for 10 years compounded annually at 6 percent
b. $150 a year for 5 years compounded annually at 11 percent
c. $35 a year for 8 years compounded annually at 7 percent
d. $25 a year for 3 years compounded annually at 2 percent
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Related Book For 
Financial Management Principles And Applications
ISBN: 9780131450653
10th Edition
Authors: Arthur J. Keown, J. William Petty, John D. Martin, Jr. Scott, David F.
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