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2) You receive an annuity immediate for 20 years, where for the first 10 years, payments are 1000 and then starting at the end of

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2) You receive an annuity immediate for 20 years, where for the first 10 years, payments are 1000 and then starting at the end of the 11th year increase by 10% (so the payment at the end of the 11th year is 1100. Find the accumulated value of the annuity if effective annual interest i = 7%

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