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A 40 year annuity-due will pay 10 in each of the first 4 years, 9 in each of the next 4 years, etc., until payments

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A 40 year annuity-due will pay 10 in each of the first 4 years, 9 in each of the next 4 years, etc., until payments of 1 are made in each of the last 4 years. The present value of the annuity payments at an annual effective rate of 5% is X. Determine X

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