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A security company offers to provide CCTV coverage for a parking garage for ten years for an initial payment of 50,000 and additional payments of

A security company offers to provide CCTV coverage for a parking garage for ten years for an initial payment of 50,000 and additional payments of $25,000

per year. What is the equivalent annual annuity of this? deal, given a cost of capital of 5%??

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