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An annuity pays quarterly for 16 years at the beginning of each quarter. Payments during the first year are 250 quarter. Year 2 payments are

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An annuity pays quarterly for 16 years at the beginning of each quarter. Payments during the first year are 250 quarter. Year 2 payments are each 105. The payments go up by 150 to each subsequent year but are level within each year. AEIR 5%, eventually we would like to find the accumulated value of this annuty just prior to the payment at 15 What is the quarterly interest rate ? A0514176532 B. The answer does not where C..0122722356 D..012512017 E 011758341

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