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At an annual effective interest rate of 6%, an annuity immediate with 3 level annual payments of 1,000 has a present value of 10,827.6035. Determine
At an annual effective interest rate of 6%, an annuity immediate with 3 level annual payments of 1,000 has a present value of 10,827.6035. Determine the fraction of the total present value represented by the second set of N payments and the third set of payments combined. OA) 54.696 B) 60,496 C) 66.3 D) 70.296 E) 73.4%
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
978-0538473637
