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1) You make a $50,000 investment in the following way: You purchase an annuity immediate with 30 level annual payments at an effective annual interest

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1) You make a $50,000 investment in the following way: You purchase an annuity immediate with 30 level annual payments at an effective annual interest rate of 4%. The payments received are immediately deposited in a fund earning an effective annual interest rate of 3%. Find the accumulated value after the years. 30 y

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