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2. At an annual effective interest rate of 6.3%, an annuity immediate with 4N level annual payments of 1,000 has a present value of 14,113.

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2. At an annual effective interest rate of 6.3%, an annuity immediate with 4N level annual payments of 1,000 has a present value of 14,113. Determine the fraction (in percentage) of the total present value represented by the first set of N payments and the third set ot payments combined

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