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An annuity pays annual payments at the beginning of each year for 20 years. For the first 10 years the payments are 100. Starting with

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An annuity pays annual payments at the beginning of each year for 20 years. For the first 10 years the payments are 100. Starting with payment 11 each payment he annuity earns at an annua. effective rate of 8%. Find the present value of this annuity

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