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An annuity provides for 10 annual payments. The rst of these payments is $100 and each subsequent payment is 10 higher than the one preceding
An annuity provides for 10 annual payments. The rst of these payments is $100 and each subsequent payment is 10 higher than the one preceding it. Find the present value to the nearest $50 of this annuity at the time one year prior to the rst payment if i=10%.
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