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(1 point) (Exercise 4.28) Find the present value of a 20-year annuity with annual payments which pays $450 immediately and each subsequent payment is 4%

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(1 point) (Exercise 4.28) Find the present value of a 20-year annuity with annual payments which pays $450 immediately and each subsequent payment is 4% greater than the preceding payment. The annual effective rate of interest is 9.8%. ANSWER = $

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