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10. (5 points) An annuity-immediate makes annual payments for 20 years. The first 10 nav ments are 200 and the last 10 payments are 400.

10. (5 points) An annuity-immediate makes annual payments for 20 years. The first 10 nav ments are 200 and the last 10 payments are 400. Based on an annual effective interest rate of 7.6%, the present value of this annuity is equal to the present value of a 20.vear old annuity-immediate with level annual payments of X. Find X. A. 265 B. 267 C. 269 D. 270 E. 271 70annull

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