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Consider a deferred annuity with 10 annual payments of $100 starting at time t = 6 and ending at t= 15. Find the value of

Consider a deferred annuity with 10 annual payments of $100 starting at time t = 6 and ending at t= 15. Find the value of this annuity at time t = 16 given an effective annual rate of interest of 4%. Hint: Draw the diagram. Express the value using t = 15 as a reference point using annuity notation then move that value to the desired time. O 1249 O 1299 O O O O O O 1201 0 1351 O 1405

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