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Carson has an annuity that pays out at the end of each month for the twenty years. The payments in the first year for his

Carson has an annuity that pays out at the end of each month for the twenty years. The payments in the first year for his annuity are $1,000. In following years the payments are $100 greater than in the previous year. Calculate the present value of Carson's annuity if the annual converted interest rate is 3%. (no excel please)

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