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6. The present value of a 25-year annuity-immediate with a first payment of $2500 and decreasing by X each year thereafter is $17,480. The annual

6. The present value of a 25-year annuity-immediate with a first payment of $2500 and decreasing by X each year thereafter is $17,480. The annual effective rate of interest is 10%. Determine X.

A. 77

B. 80

C. 83

D. 86

E. 89

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