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A security company offers to provide CCTV coverage for a parking garage for ten years for an initial payment of $45,000 and additional payments of

A security company offers to provide CCTV coverage for a parking garage for ten years for an initial payment of $45,000 and additional payments of $25,000 per year. What is the equivalent annual annuity of thisdeal, given a cost of capital of 4%?

A.

$18,329

B.

$30,548

C.

$21,384

D.

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