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( Compound annuity ) What is the accumulated sum of each of the following streams of payments? a. $490 a year for 88 years compounded
(Compound annuity)
What is the accumulated sum of each of the following streams of payments?
a. $490 a year for 88 years compounded annually at 10 percent.
b. $104 a year for 66 years compounded annually at 77 percent.
c. $33 a year for 13 years compounded annually at 12 percent.
d. $26 a year for 66 years compounded annually at 55 percent.
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