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16. Deposits of 1000 are placed into a fund at the beginning of each year for 30 years. At the end of the 40th year,

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16. Deposits of 1000 are placed into a fund at the beginning of each year for 30 years. At the end of the 40th year, annual payments commence and continue forever. Interest is an effective annual rate of 5%. Calculate the annual payments. (A) 5441 (B) 5431 (C) 5421(D) 541 (E) 5401

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