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1. O 20-year annuity immediate has annual payments. The first payment is 1000 and subsequent payments are increased by 1000 until they reach 10,000. The

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1. O 20-year annuity immediate has annual payments. The first payment is 1000 and subsequent payments are increased by 1000 until they reach 10,000. The remaining payments stay at 10,000. The annual effective interest rate is 7.5 % what is the cost of this annuity ? A. 66,598 8. 66, 798 698 E. 66 848

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