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Calculate the present value of annuity with 30 annual payments which pays an initial payment of $1,733.35 at the end of 5 years. Each subsequent
Calculate the present value of annuity with 30 annual payments which pays an initial payment of $1,733.35 at the end of 5 years. Each subsequent annual payment is 4% larger than the previous payment. Assume the effective annual interest rate is 0.065. Give your answer to the nearest dollar
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