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Actuarial FM question: An annuity-immediate has level payments for n years. The average time of the payments using the method of equated time is 7

Actuarial FM question:

An annuity-immediate has level payments for n years. The average time of the payments using the method of equated time is 7 years. Determine the modified duration of the payments if the annual effective rate of interest is 5%.

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