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at an annual effective interest rate of 4% ANNUITY immediate with 4N annual payments of 1000 has a present value of 9,385.07 determine the fraction

at an annual effective interest rate of 4% ANNUITY immediate with 4N annual payments of 1000 has a present value of 9,385.07 determine the fraction of the total present value represented by the first set of N payments and the fourth set of N payments combined

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