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100% correct and well explained or else skip please An investor purchased a two-year index-linked security on 1.1.2016. In return, the investor received payments at

100% correct and well explained or else skip please

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An investor purchased a two-year index-linked security on 1.1.2016. In return, the investor received payments at the end Of each year plus a final redemption payment, all Of which were increased in line with the index given in the table above, with a one-year indexation lag, ie the index value one year before each payment is used. The payments would have been E600 each year and 11,000 on redemption if there had been no inflation. Calculate the payments actually received by the investor.

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