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An annuity - immediate has a first payment of 1 0 0 and the payments increase by 1 0 0 each year until they reach

An annuity-immediate has a first payment of 100 and the payments increase by 100 each year until they reach 500. There are then 10 additional payments of 500. Find the present value of this annuity at 6.5% annual effective interest.
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