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An annuity-immediate pays 45 per year for 10 years, then decreases by 1 per year for 19 years. At an annual effective interest rate of
An annuity-immediate pays 45 per year for 10 years, then decreases by 1 per year for 19 years. At an annual effective interest rate of 10%, the present value is equal to X. Calculate X.
A. 398
B. 320
C. 199
D. 285
E. 434
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