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2) Two annuities with the same effective annual interest rates have the same present value: a) a 10 year annuity-immediate with annual payments of $55

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2) Two annuities with the same effective annual interest rates have the same present value: a) a 10 year annuity-immediate with annual payments of $55 b) a 20 year annuity immediate with annual payments of $20 for the first 10 years, and then $77 for the next 10 years. Find this common present value

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